Which of the following is NOT the socio-economic objective of Industrial Policy Statement 1980?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Allowing the maximum foreign direct investment.
Allowing maximum foreign direct investment (FDI) is not a socio-economic objective of the Industrial Policy Statement of 1980. The main goals of this policy focused on improving self-reliance, modernizing industries, and promoting the development of small-scale industries. It also aimed at encouraging the public sector, improving labour productivity, and increasing employment opportunities. While foreign investment was welcomed, the primary emphasis was on strengthening domestic industries rather than maximizing FDI, which became a greater focus in later industrial policies.