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                    How was the Indian Economy During Reforms? An Assessment Class 12 What Is Industrial Sector Reforms    the central point of the reforms was liberalization of the economy, simplifying regulations, giving more role to.   reforms in industrial policy: It was implemented on 24th july.   “industrial policy” refers to government efforts to shape the economy by targeting specific industries, firms, or economic activities.  governments around the world are increasingly intervening in the private sector. What Is Industrial Sector Reforms.