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Indian Economy 1950-1990 — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsIndian Economy 1950-19903 Marks
Question
What were the main shortcomings of IPR 1956?
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Answer

There were many shortcomings of IPR 1956.
  1. Many industries which could easily be handed over to private sector were kept under public sector control.
  2. Too many industries were covered under license policy which created hurdle in industrial development.
  3. Too many regulations led to low level of industrial development.

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