back
fwd

< Previous | Contents | Next >

INDUSTRIAL POLICY: CHANGES AND THEIR EFFECTS ON INDUSTRIAL GROWTH

Contents 1. Introduction 2. Evolution of Indian Industry 2.1. The Pre-Reform Regime 2.1.1. Industrial Policy Regime in the Pre-Reform Period 2.1.1.2. Industries (Development and Regulation) Act (IDRA), 1951 2.1.1.3. Industrial Policy Resolution, 1956 2.1.1.4. Monopolies Commission 2.1.1.5. Industrial Policy Statement, 1973 2.1.1.6. Industrial Policy Statement, 1977 2.1.1.7. Industrial Policy, 1980 2.2. Beginning of Reforms in the 1980s 2.3. New Industrial Policy, 1991 Distinctive Objectives of New Industrial Policy (NIP), 1991 1. Public Sector De-Reservation and Privatization through Dis-Investment:2. Industrial Delicensing 3. Amendment of Monopolies and Restrictive Trade Practices (MRTP) Act, 1969 4. Liberalized Foreign Investment Policy 5. Foreign Technology Agreement 6. Dilution of protection to Small Scale Industries (SSI) and emphasis on competitiveness 3. Initiatives Taken by the Government for Industrial Development 3.1. Disinvestment Proceeds of Disinvestment Recent changes in management of Disinvestment Proceeds 3.2. Ease of Doing Business in India Steps taken by India to improve its EODB Index ranking on the 10 parameters:3.3. E- Biz Project 3.4. Make in India Initiative 3.5. National Manufacturing Policy, 2011 Rationale Features of the Policy Ways to achieve this 3.6. Delhi-Mumbai Industrial Corridor (DMIC)3.7. Steps Taken for Promotion and Development of MSMEs 4. Previous Years GS Mains Questions 1. Indian manufacturing is lagging in the face of stiff competition from other developing economies in Asia and elsewhere, both in domestic as well as global markets. What are the main reasons that can be attributed for this scenario? Suggest few remedies for the same.Answer:2. “There is a myth that small firms create the most jobs in an economy. The fact is that small firms that grow big create the jobs". In context of the Indian economy what are the factors that prevent firms that start small from growing bigger. What progress has India made in this respect and what other measures are required?Answer:3. While India has made great strides in removing the barriers to the entry of firms, talent and technology, less progress has been made in relation to exit. In this context, discuss the causes of and costs associated with impeded exit in India.Answer:Causes of impeded exit in India:4. What is the significance of start-ups for Indian economy? Critically analyse the provisions of “Start-up India” program and the challenges that lie ahead in its effective implementation.Answer:5. Highlight the reasons for the importance attached to the MSME sector. In this context, enumerating the government schemes to promote this sector explain the role that the MSME sector can play in the success of the Make in India initiative.Answer:MSME related schemes and impact on Make in India: ♤ Providing more credit to MSME sector, especially in the rural areas o Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE) – ♤ Promoting entrepreneurship ♤ Quality upgradation for world class competitiveness and leveraging technology ♤ Ensuring Ease of Doing Business o Reform in labor laws.6. Successive governments have resorted to disinvestment of sick and loss-making PSUs. What, according to you, are the targets which the government seek to meet from this exercise? Also explain why the disinvestment targets have not been met in the past.Answer:5. Previous Years UPSC Mains Questions

< Previous | Contents | Next >