What is one reason for the decline in industrial growth in India in the period post 1991?

Both 2 and 3

In a globalised world, developing countries are compelled to open up their economies to greater flow of goods and capital from developed countries and rendering their industries vulnerable to imported goods.However, a developing country like India still does not have the access to developed countries’ markets because of high non-tariff barriers.

Cheaper imports have, thus, replaced the demand for domestic goods. Domestic manufacturers are facing competition from imports.

The infrastructure facilities, including power supply, have remained inadequate due to lack of investment.