Page-10 of GS-III: Changes in Industrial Policy and Their Effects On Industrial Growth

Which sectors are reserved for MSME industries today? Discuss in the light of recent government policy.

February 14, 2022

Reservation and de-reservation of the products for particular sector is done under the Industries (Development& Regulation) Act, 1951.Furthermore, the government kept abolishing the reservation of all items and as of today not a single item is reserved for small industries. ..

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Critically examine the growth trends in Industrial Development in the country since 1951, pointing out factors responsible for these trends.

February 14, 2022

Hint: Industrial growth during the planning era can be divided into four phases: First Phase of High Growth was from 1951-66 for the first three five year plans. Investment in heavy industries was the key factor and the phase had ..

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Give a critical account of the progress of industries during the initial three five year plans. To what extent these plans set the stage for long- run economic growth in the country. Examine.

February 14, 2022

During the initial three five year plans, a strong industrial base developed and India learned focusing on industries other than that of consumer goods. Public industries got tremendous policy support and immerged as a major giant in many sectors. Great ..

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Discuss the salient features of the Industrial Policy Resolution 1956 throwing light on its outcomes.

February 13, 2022

Hint: The Industrial Policy Resolution of 1956 was based upon the Mahalanobis Model of growth, which laid emphasis on the heavy industries.It classified industries into threefold in Schedule A, B and C industries. Schedule A Industries -strictly under the Central ..

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One of the pillars of the 1956 Industrial Policy was to check concentration of economic power in few individuals, groups or business houses. To what extent this policy was able to achieve this? Examine.

February 13, 2022

Hint: Industrial licensing policy was laid down under industrial development and regulation act 1951. The act made it mandatory for the central government’s permission for establishing a new industry and extension of old industry. Since establishing of industries required huge ..

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"The licensing policy was a conflict of objectives."Justify while throwing light on gradual reforms done in Industrial Licensing in India.

February 13, 2022

Hint: The major objectives behind Industrial policy 1956 were to reduce rural-urban divide, imbalance growth and other problems. But, the policy failed in their achievements due to several reasons.  Firstly, failure in extension of industries to rural areas or backward ..

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