|
gptkbp:instanceOf
|
gptkb:economic_policy
|
|
gptkbp:abolished
|
1991
economic liberalization
|
|
gptkbp:characterizedBy
|
extensive regulation
bureaucratic control
requirement of licenses for business
|
|
gptkbp:country
|
gptkb:India
|
|
gptkbp:criticizedFor
|
gptkb:Manmohan_Singh
gptkb:Milton_Friedman
gptkb:Jagdish_Bhagwati
gptkb:Narasimha_Rao
discouraging entrepreneurship
encouraging corruption
hindering economic growth
|
|
gptkbp:effect
|
gptkb:black_market
inefficiency
slow industrial growth
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
License Raj
|
|
gptkbp:introduced
|
gptkb:Government_of_India
|
|
gptkbp:notableSupporter
|
gptkb:Indira_Gandhi
gptkb:Jawaharlal_Nehru
|
|
gptkbp:period
|
1947-1991
|
|
gptkbp:policy
|
gptkb:Industrial_Licensing_Policy
gptkb:Industrial_Policy_Resolution_of_1956
gptkb:Monopolies_and_Restrictive_Trade_Practices_Act
|
|
gptkbp:purpose
|
control industrialization
prevent concentration of wealth
regulate private sector
|
|
gptkbp:reformMovement
|
gptkb:1991_economic_reforms
|
|
gptkbp:relatedTo
|
gptkb:Inspector_Raj
gptkb:Permit_Raj
|
|
gptkbp:bfsParent
|
gptkb:Swatantra_Party
|
|
gptkbp:bfsLayer
|
6
|