Question : On which date was the Industrial Policy of 1991 launched?
Option 1: 24 July
Option 2: 30 December
Option 3: 20 October
Option 4: 15 August
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Correct Answer: 24 July
Solution : The correct option is 24 July.
On 24 July 1991, India launched the Industrial Policy of 1991. Among the reforms were initiatives to boost foreign investment, advance industrial growth, and lessen government involvement in several areas. India's economy became increasingly market-oriented in 1991 as a result of economic changes that were implemented in response to a balance of payments problem.
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