License Raj System — Mains Questions

Critically analyze the objectives and outcomes of the License Raj system in India. To what extent did it achieve its stated goals, and what were its unintended consequences?

Compare and contrast the industrial policy framework under the License Raj with the post-1991 liberalization policies. Discuss the key shifts in economic philosophy and their impact on India's industrial growth.

The Monopolies and Restrictive Trade Practices (MRTP) Act, 1969, was a significant component of the License Raj. Examine its objectives and evaluate its effectiveness in achieving them. How did its replacement by the Competition Act, 2002, reflect a change in India's economic philosophy?