The major objectives of this policy were to build on the gains already made, correct the distortions or weaknesses that have crept in maintain a sustained growth in productivity and gainful employment and attain international competitiveness.

A. Gainful employment - Correct. One of the objectives of the Industrial Policy of 1991 was to promote industrialization in a manner that would generate employment opportunities for the growing workforce.

B. Attain international competitiveness - Correct. The policy aimed to make Indian industries more competitive on the global stage by liberalizing the economy and encouraging the growth of efficient and export-oriented industries.

C. Maintain a sustained growth in productivity - Correct. One of the key goals of the policy was to enhance productivity and efficiency in various sectors to ensure sustained economic growth.

D. Immediately provide better economic opportunities to people - Not entirely correct. While the policy aimed to provide better economic opportunities over the long term through economic reforms, it did not promise immediate results. The policy was a gradual process of liberalization and opening up of the economy, and its impact on the economy and people's lives unfolded over time.