covers grwoth, agriculture and finance

15. IMPORTANCE OF
INDUSTRIALISATION
 Provide Employment
 Trickle Down Effect
 Development of Social Overhead
 Increase in Income and Saving
 Increasing Economies of Scale
 Increase in Farm Productivity
 Better Utilisation of Raw Materials

16. INDUSTRIAL SECTOR ON
THE EVE ON INDEPENDENCE
 Weak Industrial Base
 Low Capital Intensity
 De-industrialisation of the Country
 Limited Role of Public Sector
 Decline of Handicraft Industry
 Iron & Steel and Jute Industries

17. STRATEGIES FOR
INDUSTRIALISATION
 State Intervention In Industrial
Development.
 Role of Public Sector
 Regulations for Control and Direction of
Industrial Sector.
 Industrial Licensing to Regulate Private Sector
(IDR act 1951)
 Industrial Policy

18. INDUSTRIAL POLICY
 Industrial policy is combination of
all government regulation aimed
at regulation and control of
industrial activities in a country.
 Need of Industrial Policy:
 Limited Capacity of Private Sector
 Regulation of Private Sector
 Regulation of Foreign Sector

19. EVOLUTION OF INDUSTRIAL
POLICIY IN INDIA
 Industrial Policy Resolution 1948
 Industrial (Dev. & Reg.) Policy 1956
 Industrial Policy 1977
 Industrial Policy 1980
 New Industrial Policy 1991

20. MAIN FEATURES OF
INDUSTRIAL POLICY 1956
 Industries Classification:
- Public Sector: 17
- Public-cum-Private sector: 12
- Private Sector
 Fair Treatment to Private Sector
 Balanced Regional Growth
 Proper Amenities to Labourers
 Efficient Management of PSUs

21. MAIN FEATURES OF
INDUSTRIAL POLICY 1977
 More Emphasis on SSIs
 Labour Intensive Technologies
 Balanced Regional Development
 Limited Role of Large Industries
 No Expansion of Big Industries
 Efficient Management of PSUs

22. MAIN FEATURES OF
INDUSTRIAL POLICY 1980
 Balanced Regional Development
with Large and Small Industries
 Regularisation of Excess Capacity Installed
 Development of Backward Areas
 Encouragement to EOUs

23. REVIEW OF PRE-1991
POLICIES
 Under Utilisation of Capacity
 Concentration of Economic
Power
 Licensing Promoted Corruption, Rent-seeking
and Discrimination
 Delay in Processing of Applications
 Increased Regional Imbalances