Thought

RECENT DEVELOPMENTS IN INDUSTRIAL POLICY industrial return is the regulate of government actions affecting companies in different ample sectors in a country (including service companies) and, more specifically, affecting their powerfulness to compete both domestically and abroad. The industrial polity of whatever country reflects upon the outgrowth and development of that country and alike throws exonerated on the role of large, medium and small outperform industries. The study Industrial policies ar- 1. Industrial policy 1948- The feature of this policy was it original the importance of both private and public sector. 2. Industrial policy 1956- The objective of this policy was to accelerate the rate of stinting growth and to speed up industrialization. 3. Industrial policy 1991- . The master(prenominal) vex of the policy was to release the economy from unnecessary bureaucratic control, change the economy and remove restrictions on foreign coa ch enthronement. The youthful development in the policies force out be seen in, the development of sectors wish well IT, Science and technology, Research and development, profit sector etc. The investment in Research and maturement (R&D) has increased from a paltry Rs. 20 crore in the First Five twelvemonth Plan to about Rs. 20,000 crore in the Eighth Five course Plan.

After 1991 the Indian Industrial sector has achieved marvelous be on which is clear from accessible and economic progress of India. The development in the policy locoweed also be seen with the liberalization in the foreign govern i nvestment. Earlier there were rigid rules an! d tariffs that did non allow smooth FDI merely now with the changes in the policies we can see development in FDI. The positive impact of juvenile industrial policy was that helped in increase of production, competition. It helped in increase of exports and foreign investments. Since 1991, industrial policy measures and procedural simplifications have been reviewed on an ongoing basis. Presently, there are only six industries...If you lack to get a adequate essay, order it on our website: BestEssayCheap.com

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