Liberalisation measures undertaken by the Government of India are:
(i) Exemption of industries from licensing:
The government exempted all industries (except for alcohol, cigarettes, hazardous chemicals, explosives, electronic aerospace and drugs) from any kind of industrial licensing.
(ii) Expansion of Industries:
Industries are free to expand themselves according to the needs of market. Even government approval is not required. Ceiling for capital has also been abolished.
(iii) Freedom of Production:
According to the new economic policy producers are free to produce goods of their choice
(iv) Going away with the concept of MRTP:
Now, there are no 'MRTP’ companies. These companies can take their own investment decision and expansion plans.
(v) Extending Investment Limit of Small Industries:
According to the new policy investment limit of small scale industries have been increased to one crore, so that they may modernise these industries.
(vi) Inviting Direct Foreign Investment:
The Indian companies can invite the foreign investors to invest in their industries which has further enlarged and expanded many Indian industries.