Which of the following is NOT included in the three main dimensions of the New Industrial Policy, 1991, announced by the Government of India?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. urbanisation .
The New Industrial Policy of 1991, announced by the Government of India, focused on three main dimensions: liberalization, privatization, and globalization. These reforms aimed to open up the Indian economy, reduce government control, and attract foreign investment to boost industrial growth. The policy marked a significant shift from a controlled economy to a more market-driven one. However, urbanisation was not one of the core dimensions of this policy. While urbanisation may occur as a result of industrial growth, it was not a direct focus or objective of the 1991 policy reforms, which primarily addressed economic and industrial restructuring.
Other options :
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Liberalisation: Removal of restrictive regulations to boost economic activity.
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Privatisation: Transfer of public sector enterprises to private ownership.
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Globalisation: Opening the economy to foreign trade and investment.