Thought

RECENT DEVELOPMENTS IN INDUSTRIAL POLICY industrial form _or_ system of government is the regulate of government actions change companies in different nut-bearing sectors in a country (including service companies) and, more specifically, affecting their powerfulness to compete both domestically and abroad. The industrial indemnity of whatever country reflects upon the outgrowth and development of that country and besides throws exonerated on the role of large, medium and small crustal plate industries. The study Industrial policies atomic number 18- 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 frugal growth and to speed up industrialization. 3. Industrial policy 1991- . The of import vex of the policy was to release the economy from unnecessary bureaucratic control, change the economy and remove restrictions on foreign acquit 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, serve up sector etc. The investment in Research and breeding (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 friendly and economic progress of India. The development in the policy freighter also be seen with the liberalization in the foreign charter inves! tment. Earlier there were rigid rules and tariffs that did non allow smooth FDI only 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 right essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay