- Statement a: Trade and capital flows reforms involved reducing tariffs, removing quantitative restrictions on imports, and liberalizing foreign investment policies. - Statement b: Industrial deregulation included abolishing the industrial licensing regime (except for a few strategic sectors) and removing restrictions on expansion and investment. - Statement c: Disinvestment and Public Enterprises Reforms aimed at reducing the government's stake in Public Sector Undertakings (PSUs) and improving their efficiency and management. - Statement d: Financial sector reforms included deregulation of interest rates, strengthening banking supervision, and developing capital markets.
Since July 1991, comprehensive liberalization measures have been undertaken to improve the supply side of the economy. Among these the more important are : Trade and capital flows reforms 1. Industrial deregulation 2. Disinvestment and Public Enterprises Re‐ 3. forms Financial sector reforms 4.
Asked in MPSC CS Prelims 2023 · Topic: Nature of Indian Economy (Evolution from Planned to Market-Oriented Economy)
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