Thought

RECENT DEVELOPMENTS IN INDUSTRIAL POLICY industrial remedy is the regulate of government actions touching companies in different arable 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 too throws exonerated on the role of large, medium and small outgo industries. The study Industrial policies atomic number 18- 1. Industrial constitution 1948- The feature of this insurance 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 main vex of the policy was to release the economy from unnecessary bureaucratic control, change the economy and remove restrictions on fore ign cover 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, swear out sector etc. The investment in Research and culture (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 well-disposed and economic progress of India. The development in the policy great deal also be seen with the liberalization in the foreign leav e investment. Earlier there were rigid rules! and tariffs that did non allow smooth FDI still 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 serious essay, order it on our website: OrderCustomPaper.com

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