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As a result of the New Industrial Policy, 1991:
- a)the public sector has been stripped off all its power
- b)the public sector has been given the commanding heights of the economy
- c)the public sector ’s portfolio will be reviewed with greater realism. The focus will be on strategic high tech and essential infrastructure industries
- d)the public sector ’s management has been passed over to the private sector
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
As a result of the New Industrial Policy, 1991:a)the public sector has...
Explanation:
New Industrial Policy, 1991 aimed at liberalizing and deregulating the Indian economy. It introduced several reforms to boost the growth of the private sector and reduce the role of the public sector. The correct option among the given choices is 'C', which states that the public sector's portfolio will be reviewed with greater realism. The focus will be on strategic high tech and essential infrastructure industries.
The following points explain why option 'C' is the correct answer:
Portfolio Review: The New Industrial Policy, 1991, recognized the limitations of the public sector's ability to maintain the country's industrial growth. Hence, it emphasized the need to review the public sector's portfolio to identify its strengths and weaknesses.
Realistic Approach: The review of the public sector's portfolio was to be done with greater realism. It meant that the government would assess the public sector's performance and its potential to contribute to the economy. The government would identify the sectors where the public sector could compete with the private sector and excel.
Focus on Strategic High Tech and Essential Infrastructure Industries: The review of the public sector's portfolio would focus on strategic high tech and essential infrastructure industries. These industries would receive priority for investment and development. The government believed that the public sector could play a crucial role in these industries as they were critical to the country's growth.
Conclusion:
The New Industrial Policy, 1991, aimed to reduce the role of the public sector in the Indian economy. However, it recognized the importance of the public sector in certain industries. The review of the public sector's portfolio with greater realism and focus on strategic high tech and essential infrastructure industries is an essential step towards improving the public sector's performance and contribution to the Indian economy.
New Industrial Policy, 1991 aimed at liberalizing and deregulating the Indian economy. It introduced several reforms to boost the growth of the private sector and reduce the role of the public sector. The correct option among the given choices is 'C', which states that the public sector's portfolio will be reviewed with greater realism. The focus will be on strategic high tech and essential infrastructure industries.
The following points explain why option 'C' is the correct answer:
Portfolio Review: The New Industrial Policy, 1991, recognized the limitations of the public sector's ability to maintain the country's industrial growth. Hence, it emphasized the need to review the public sector's portfolio to identify its strengths and weaknesses.
Realistic Approach: The review of the public sector's portfolio was to be done with greater realism. It meant that the government would assess the public sector's performance and its potential to contribute to the economy. The government would identify the sectors where the public sector could compete with the private sector and excel.
Focus on Strategic High Tech and Essential Infrastructure Industries: The review of the public sector's portfolio would focus on strategic high tech and essential infrastructure industries. These industries would receive priority for investment and development. The government believed that the public sector could play a crucial role in these industries as they were critical to the country's growth.
Conclusion:
The New Industrial Policy, 1991, aimed to reduce the role of the public sector in the Indian economy. However, it recognized the importance of the public sector in certain industries. The review of the public sector's portfolio with greater realism and focus on strategic high tech and essential infrastructure industries is an essential step towards improving the public sector's performance and contribution to the Indian economy.
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As a result of the New Industrial Policy, 1991:a)the public sector has...
Answer is c because up to 1991 public industry faced lot of problems like uneven growth political pressure etc after 1991 there is a disinvestment in public sector so the public portfolios (company which are ready disinvestment and disinvestment not yet taken place) will control by private company and hence development and modranization will take place
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As a result of the New Industrial Policy, 1991:a)the public sector has been stripped off all its powerb)the public sector has been given the commanding heights of the economyc)the public sector ’s portfolio will be reviewed with greater realism. The focus will be on strategic high tech and essential infrastructure industriesd)the public sector ’s management has been passed over to the private sectorCorrect answer is option 'C'. Can you explain this answer?
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