Question : The 1991 economic policy aimed to promote industrial growth and competitiveness through:
Option 1: Protectionist trade policies
Option 2: State control over industries
Option 3: Technological upgradation and modernization
Option 4: Export restrictions
Correct Answer: Technological upgradation and modernization
Solution : The correct answer is (c) Technological upgradation and modernization
The 1991 economic policy in India aimed to promote industrial growth and competitiveness through technological upgradation and modernization. The policy recognized the importance of adopting advanced technologies, improving productivity, and enhancing the quality of goods and services to compete effectively in the global market.
The focus on technological upgradation and modernization aimed to enhance the competitiveness of Indian industries by improving their production processes, product quality, and cost-efficiency. It also aimed to promote innovation and the development of new products and services.
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