Why government in 1990s allowed private industries in many areas which were earlier restricted only to government?

Why government in 1990s allowed private industries in many areas which

1.	Why government in 1990s allowed private industries in many areas which were earlier restricted only to government?
Answer» Indian industry as a result of government’s control was not modernizing fast and was producing goods at high cost and not making technological improvement. Government used to allocate a specifc amount every year to operate these industries. It was expected that these industries become independent, generate revenue for the government. But these government run factories continually require government assistance. Their functioning was much below that was expected. So, in the 1990s a new industrial policy was announced. Many activities which were earlier restricted only for the government are now allowed for the private industries.