a)Write any two features of industrial policy from 1947-90. 1+3=4
b) List any six reforms adopted by Indian government to bring stabilization and structural
Answers
Answered by
0
Two features of Industrial Policy from 1947-1990:
- Industrial Policy Revolution 1948 stated that India is going to have a mixed economy of the Public, private, and Cooperative sector.
- Industrial Policy 1997 focused on promoting the Cottage and Small sector industries in rural areas and towns.
Reforms adopted by the Indian government to bring stabilization and structural are:
- Trade policy Reforms
- Industrial Policy Reforms
- Capital Marketing Reform
- Fiscal Reform
- Monetary and Financial Sector Reform
- Promoting Foreign Investment Reform
Answered by
0
Explanation:
(a)
The industrial policies launched by Indian government from time to time have laid the basis of economic operations and guidelines by the government. Some of the main features were
In 1948, the policy embarked that India would focus on mixed economy structure where all three sectors of economy will be promoted.
Promotion of capital goods so that manufacturing industry gets flourished and local products are used more.
Cottage and small scale industry were given incentives from government
Restrictions of investment by government was properly documented
Similar questions