The economic reforms of 1991, including liberalization and privatization, primarily aimed to achieve which of the following in the manufacturing sector?
Options
Increase government control and regulation over industries.
Reduce foreign investment and promote indigenous technology only.
Enhance competitiveness, efficiency, and integration with the global economy.
Shift all industrial production from the private to the public sector.
Explanation
The economic reforms of 1991, characterized by liberalization, privatization, and globalization (LPG), aimed to dismantle the licensing system, reduce government control, encourage private sector participation, and open the economy to foreign investment and trade. The primary goal was to enhance the competitiveness and efficiency of Indian industries, integrate them with the global economy, and promote faster economic growth. Therefore, increasing government control or reducing foreign investment would contradict these aims. Shifting production from private to public sector is also incorrect, as privatization aimed to reduce the public sector's dominance.