List the major impacts of new industrial policy.

Explanation

(i) Liberalisation (ii) Globalisation (iii) Privatisation.
These are explained as follows -
Liberalization refers to laws or rules being liberalized, or relaxed, by a government. While liberal is used to refer to more than just politics––you can have liberal parents––liberalization is used only when speaking of economic or social policies or other government regulations.
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. Likewise, for centuries, people and corporations have invested in enterprises in other countries.
Privatization is the process of transferring an enterprise or industry from the public sector to the private sector. The public sector is the part of the economic system that is run by government agencies. The term has alternate meanings within business and finances.