Which of the following is not an impact of government policy changes on business and industry?

Budgetary Support to the public sector

The correct answer is option 3- Budgetary Support to the public sector.

In a modern policy environment (post-1991 in India), the government focus shifts toward disinvestment and making the public sector more self-reliant. Budgetary support to cover the losses of public enterprises has significantly declined rather than being a positive impact of new policies.

NCERT: Impact of Government policy changes on business and industry: The government policy of liberalisation, privatisation and globalisation has made a definite impact on the working of enterprises in business and industry in terms of
(a) increasing competition
(b) more demanding customers
(c) rapidly changing technological environment
(d) necessity for change
(e) need for developing human resource
(f) market orientation
(g) loss of budgetary support to the public sector."