After liberalization of Indian Economy the logic of reserving items exclusively for Small Scale Sect...........

Economic Affairs Small Scale Industries

After liberalization of Indian Economy the logic of reserving items exclusively for Small Scale Sectors has been diluted. Which amongst the following is the most convincing explanation for this?

In other countries such reservation does not exist

There is an inherent weakness in Indian SSI units as they have grown up in protected environs

Small scale manufacturers in India have to compete with large scale manufacturers from outside

Indian large scale producers cannot compete in outside markets

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Explanation:

3rd option is correct.

The economic liberalisation in India refers to the economic liberalisation, initiated in 1991, of the country's economic policies, with the goal of making the economy more market and service-oriented and expanding the role of private and foreign investment.