CUET Preparation Today
| Which policy aimed to promote efficiency in local industries and the adoption of modern technologies? |
Financial sector reforms Tax reforms Foreign exchange reforms Trade and investment policy reforms |
| Trade and investment policy reforms |
| The trade and investment policy reforms aimed to promote the efficiency of local industries and encourage the adoption of modern technologies. These reforms focused on removing restrictions on imports, reducing tariff rates, and eliminating licensing procedures for imports. The goal was to enhance the competitiveness and growth of Indian industries. |
