Assertion (A): Industrial Liberalization became an imperative condition for the growth of forces of competition leading to high efficiency and productivity in Indian industries.
Reasoning (R): Industrial development and curbing of poverty is only possible through government intervention.
(A) and (R) both are correct
(A) is correct but (R) is not the correct explanation of (A)
(A) is correct and (R) is correct explanation of (A).
(A) is not correct but (R) is correct.