Political Science · Political Processes in India
Which among the following steps was NOT taken from the perspective of globalization after 1991?
AAmendment of the Monopolies and Restrictive Trade Practices Act
BIntroduction of the phased Manufacturing Programme ✓ Correct
CLiberalization of foreign technology import
DEstablishment of private and foreign banks
Correct answer: (B) Introduction of the phased Manufacturing Programme — The phased Manufacturing Programme was not a globalization step, so that is the answer.
Explanation
★The phased Manufacturing Programme was not a globalization step, so that is the answer.
★It was an earlier import-substitution measure forcing local content.
★After 1991 such controls were actually phased out, not introduced.
★Amending the MRTP Act freed firms from size restrictions.
★Liberalizing foreign technology import opened the economy.
★Allowing private and foreign banks deepened liberalization.
★Thus the odd step out is the phased Manufacturing Programme.
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