Industrial policy 1956[2]
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This document summarizes the key aspects of India's Industrial Policy of 1956. It was presented by Group 02 and discusses the objectives, features and outcomes of the policy. The policy aimed to accelerate industrialization through expanding the public sector and heavy industries. It categorized industries into three schedules - Schedule A placed industries under exclusive state control, Schedule B marked industries for progressive state ownership, and Schedule C left remaining industries to private enterprise. The policy aimed for a socialistic pattern of growth but was later criticized for reducing the scope of private sector involvement.
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This document outlines the key industrial policies of India from 1948 to 2015. It begins with introducing the meaning and need for industrial policies in India after independence. It then summarizes the objectives and highlights of each major industrial policy introduced in 1948, 1956, 1973, 1977, 1980, 1991 and 2010-2015. The impact of these successive policies included initial growth in the industrial sector post independence, periods of stagnation, and two major booms. The overall industrial growth rate over this period was around 5.81% annually. The conclusion emphasizes that industrial policies provide necessary guidelines and regulations to support smooth functioning of industries and economic development.
INDUSTRIAL PO-WPS Office new.pptx
Industrial policy sets standards and measures to evaluate manufacturing progress and economic growth. The government encourages competitiveness through various firms. Objectives include steady productivity growth, more employment, better resource use, and matching international standards. Industrial policy provides rules for public and private sectors to reduce monopolies and prevent concentration of economic power. It aims to shift capital and resources to manufacturing for productivity growth, deeper linkages, economies of scale, and new export opportunities. Major Indian industrial policies include resolutions from 1948 to 1991 that established frameworks while prioritizing small industries, employment, decentralization, and later liberalization, privatization, and globalization.
TOPIC-PRESENTATION ON INDUSTRIAL POLICY (1).pptx
This presentation summarizes the key industrial policies of India and Assam. It discusses the major industrial policy resolutions of India from 1948 to 1991, which introduced a mixed economy model and gradually liberalized and privatized sectors. It also outlines the objectives of these policies to promote sustained growth, employment, and international competitiveness. For Assam, it notes the state's important resources like tea, oil, bamboo, and silk, which have supported industries since the early 1900s. It concludes that while government policies have modernized sectors, reskilling workers remains important to balance economic growth across all sections.
Industrial policy
This document discusses India's industrial policies from 1948 to the present. It provides an overview of the key objectives and components of different policy resolutions over time, including the Industrial Policy Resolutions of 1948, 1956, 1973, 1977, 1980, and the New Industrial Policy of 1991. The 1991 policy focused on deregulating industry, allowing more flexibility and freedom in response to market forces. It liberalized rules around licensing, foreign investment, technology agreements, and the public sector.
Business environment ppt
The document outlines the public and private sectors in India. The public sector was initially larger and focused on economic and social goals, while the private sector has grown since reforms in the 1990s to focus on profit. Both sectors contribute significantly to the Indian economy and include large companies, but each also face some criticisms like inefficiency or poor financial strategies. Overall the sectors work together in India's mixed economy.
Industrial policy 1956 1991
The document outlines India's industrial policies since independence. It defines industrial policy and discusses its objectives of promoting rapid, balanced, and regional industrial growth. The 1956 policy expanded the public sector and aimed to reduce inequality. The 1991 policy liberalized the economy by abolishing licenses, opening industries to the private sector, allowing more foreign investment and technology, and dismantling regulatory barriers. It aimed to make India self-reliant through job creation and technology development.
industrial policy.pptx
The document summarizes key industrial policies of India from 1948 to 1991. It discusses the classification of industries, emphasis on public vs private sectors, and liberalization over time. The 1948 policy established a mixed economy model and classified industries into strategic, basic, important, and other categories. The 1956 policy expanded the public sector and emphasized state ownership. The 1977 policy promoted small industries. The 1991 policy liberalized foreign investment, removed licenses, and opened many sectors to private companies. Limitations and positive/negative aspects of policies are also outlined.
Corporate Governance and Industrial Policy
This document discusses corporate governance and industrial policy in India. It defines corporate governance as how corporations are directed and managed. It then outlines the need for corporate governance in India due to factors like widespread shareholders and corporate scandals. The key features of good corporate governance are identified as clear strategy, effective risk management, fairness, accountability and transparency. The benefits of corporate governance to companies and shareholders are also described. The document goes on to discuss the history and objectives of industrial policy in India since 1948. It outlines the various industrial policy resolutions and highlights the changing focus on industries like small scale and cottage industries. Key aspects of current industrial policy like incentives for investment and employment generation are also mentioned.
CHAPTER 4 BE
1. The document discusses various aspects of economic systems including economic planning, industrial policy, liberalization, privatization, and globalization reforms in India.
2. It provides details on the objectives and components of India's five year plans from the 1st to 12th plans.
3. The reforms in the 1990s known as LPG (Liberalization, Privatization, Globalization) aimed to make India a fast growing global economy and included opening various sectors to foreign investment and trade.
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Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Unit iii industrial policy and industrial sickness - compiled
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Presentation on industrial policy 1973(3)
This document presents an overview of India's industrial policy from 1973. It defines industrial policy as the rules and regulations established by the government to regulate and develop industry. The 1973 policy emphasized six core industries and allowed private players to enter these industries if they had over 20 crore rupees in assets. It also promoted public-private partnerships and limited foreign investment. The objectives of industrial policy included achieving faster economic growth, employment opportunities, and reducing regional disparities.
Industrial policy1997 [1o]
The document summarizes Assam's 1997 Industrial Policy, which was formulated based on previous policies from 1982, 1986, and 1991. The goal of the 1997 policy was to maximize utilization of local resources, offer competitive advantages to investors, ensure incentives are utilized, and give special attention to developing skills, women entrepreneurs, employment, food processing, exports, rural sectors, underdeveloped areas, sick units, small businesses, and establishing large industries. The policy outlines measures to achieve these goals, such as improving infrastructure, incentives, obtaining central government funding, setting up an industrial network, interacting with resource and industrial sectors, and ensuring assistance for local entrepreneurs.
Industrial policy1991[7]
The document discusses India's New Industrial Policy announced in 1991. It aimed to liberalize industry from licenses and controls, enhance small businesses, increase competitiveness for common benefits, make public enterprises more efficient, and incentivize development in backward areas. Objectives were to liberalize industry, support small businesses, boost competitiveness, improve public firms, and aid underdeveloped regions. Potential advantages included integrated markets, cheaper products, outsourcing and jobs in developing countries. Disadvantages could be ignoring social welfare, hurting domestic companies, unequal regional growth, environmental damage, and worker exploitation.
Industrial policy1948[1]
The 1948 Industrial Policy Resolution was India's first statement of post-independence industrial policy. It categorized industries as public sector, public-private sector, controlled private sector and private/cooperative sector. It aimed to promote rapid development of cottage and small-scale industries. The policy emphasized developing employee-employer relations, controlling foreign capital while recognizing its role, and strengthening infrastructure like transportation and energy. The overall goals were industrialization, raising living standards, employment, and a self-sufficient economy.
Industrial policy 1980[5]
This presentation summarizes the key points of the Industrial Policy Resolution of 1980 in India. The resolution emphasized strengthening the public sector due to its importance for large investments and long-term economic development projects. It aimed to correct regional imbalances, maximize production and productivity, generate more employment, promote export-oriented industries, and protect consumers from high prices and poor quality goods. The main features included revitalizing the public sector, promoting economic federalism and rural industries, removing regional imbalances, and addressing industrial sickness and excess capacity. However, the policy was criticized for favoring big business over small enterprises and promoting capital-intensive growth over employment generation or curbing monopoly.
Industrial policy 1977[4]
The industrial policy of 1977 announced by the Janata government led by Morarji Desai emphasized small-scale and cottage industries over large industries. It increased investment limits for tiny and ancillary units and focused on developing appropriate indigenous technologies. However, the policy was criticized for not fully supporting small-scale industries or enabling foreign collaboration and investment. It also restricted exports and industries in major cities. The policy lasted only three years before being replaced by a new Congress government in 1980 that pursued a different approach.
Industrial POLicy 1991
The industrial policy document outlines the government's rules and regulations for developing industries in India. It defines the roles of public, private, cooperative, small, medium, and large scale sectors. The key objectives of industrial policy are to promote sustained growth, employment, prevent economic monopolies, optimize human resources, and make India globally competitive. The 1991 policy focused on deregulating industry and providing more flexibility and freedom to respond to market forces to foster growth. It overhauled policies around licensing, foreign investment, technology agreements, and the public sector.
Introduction to business environment
This document provides an introduction to business environment. It defines business as a commerce, occupation, and organization. It explains that business enterprises exist within an environment and are influenced by internal and external factors. The external environment includes the market, economic, social, technological, political, and legal dimensions that businesses must consider. Understanding the business environment is important for identifying opportunities and threats and informing strategic decisions.
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Industrial policy 1956[2]
- 1. GROUP NO - 02 Members are: Debashish Partha Medhi (17/MBA/66) Prithivi Dutta (17/MBA/05) Gulam Mostafa (17/MBA/69) Jyotishma Borkakati (17/MBA/47) Jyoti Das (17/MBA/51) Manas Protim Nath (17/MBA/37) Porimita Barman (17/MBA/70
- 3. WHAT IS INDUSTRIAL POLICY? The industrial policy of a country, sometimes denoted IP, is its official strategic effort to encourage the development and growth of part or all of the manufacturing sector as well as other sectors of the economy. The government takes measures “aimed at improving the competitiveness and capabilities of domestic firms and promoting structural transformation”. A country’s infrastructure (transportation, telecommunications and energy industry) is a major part of the manufacturing sector that often has a key role in IP.
- 4. KEY OUTCOMES OF THE INDUSTRIAL POLICY RESOLUTION-1956 Scope of the public sector in India got widened. The government’s aim to achieve a socialistic pattern of growth was reiterated. A clear cut classification of industries was done in India for the first time. Provision of compulsory licensing was cemented. The policy paved the way of development of public sector in India.
- 5. MAIN OBJECTIVES : To accelerate the rate of growth and speed up industrialization. To develop heavy industries and machine making units. To expand public sector. To reduce disparities in income and wealth. To build up a large growing cooperative sector.
- 6. MAIN FEATURES : New classification of industries • Monopoly of the state. • Mixed sector of public and private enterprise. • Industries left for private sector. Mutual dependence of public and private sectors. Assistant and control of private sector. Reduction of regional disparities.
- 7. CATEGORIZATION OF INDUSTRIES : Set of industries the future development of which will be the exclusive responsibility of the state. Category of industries which will be progressively state-owned and in which the state will, therefore, generally take the initiative in establishing new undertakings.
- 8. ADVERTISEMENT S : Schedule A. Schedule B. Schedule C.
- 9. Schedule A : which contained 17 industries. All new units in these industries, such where their establishment in private sector has ready been approved, would be set up only be the state. Schedule B : which contained 12 industries, such industries would be progressively state owned. Schedule C : All remaining industries fell in this category; the future development of these industries had been left to the initiative and enterprise of the private sector.
- 10. CONCLUSION : The industrial policy 1956 thus provided a comprehensive framework for industrial development in India. However, this policy has been criticised on the grounds that by enormously expanding the field of public sector it had drastically reduced the area of activity for the private sector.
- 11. THANK YOU…