Practicing Success
Why were licenses for establishing industries in economically backward areas relatively easier to obtain in early period of planning in India? |
To encourage private sector dominance in those regions. To promote industrial growth and employment generation in economically backward areas. To prevent competition with government-owned industries. To discourage industrial development in economically prosperous areas. |
To promote industrial growth and employment generation in economically backward areas. |
The licenses for establishing industries in economically backward areas were relatively easier to obtain. This policy aimed to promote industrial development and create employment opportunities in regions that were economically disadvantaged. |