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Deindustrialising India

Which among t...

Question

Which among the following has accelerated India's flow of foreign investment into India?

A

Improving standard of living.

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B

Widening markets.

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C

New Industrial Policy, 1991

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D

All of the above

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Solution

The correct option is A New Industrial Policy, 1991
On July 24, 1991, Government of India announced its new industrial policy with an aim to correct the distortion and weakness of the Industrial Structure of the country that had developed in 4 decades; raise industrial efficiency to the international level; and accelerate industrial growth.

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