GS PrelimsEconomyLiberalisation Privatisation Globalisation (LPG)1998

Some time back, the Government of India, decided to delicense ‘white goods' industry. 'White goods' include

A

stainless steel and aluminium utensils

B

milk and milk products

C

items purchased for conspicuous consumption

D

soaps, detergents and other mass consumption goods

Correct Answer: Option C

Explanation

1. The term 'white goods' generally refers to large household electrical appliances, historically finished in white enamel. 2. Examples include refrigerators, washing machines, stoves, air conditioners, etc. These are typically durable goods. 3. The decision by the Government of India to delicense the 'white goods' industry was part of economic liberalization, removing licensing requirements for manufacturing these items. 4. While these goods serve functional purposes, they are often associated with higher living standards and can be considered items purchased for conspicuous consumption, distinguishing them from basic necessities like milk products or mass consumption goods like soaps and detergents, or basic utensils.

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