The document discusses India's industrial policy reforms since 1991. It aimed to deregulate industries, reduce government controls, and encourage private sector growth and foreign investment. Some key reforms included delicensing many industries, allowing greater foreign direct investment, and reducing the role of public sector enterprises through disinvestment. The reforms helped growth but the bureaucracy sometimes resisted deregulation. Foreign investors still found some policies confusing. Imbalances in industrial development and regional growth also occurred.

1. TAPABRATA BANERJEE(13DM042)
SANDEEP THAKUR(13DM052)

2. 
MEANING

OBJECTIVES

FEATURES

POSITIVES & WATCH OUTS

3. 

Rules, regulations,procedures,laid down by
government for regulating , developing and
controlling industrial undertakings in the country.
It incorporates fiscal & monetary policies, tariff
policy, labour policy & Govt attitudes towards
foreign capital & also the role to be played by
multinational corporations in the development of the
industrial sector.

5. 





De-reservation of Public Sector
De-Licensing
Disinvestment of Public Sector
Foreign investment
Foreign Technology Agreements
MRTP Act

6. 
De-licensing of industries helped entrepreneurs to
quickly seize business opportunities.

Removal of Govt control helped under the MRTP
act facilitated expansion and growth.

There was greater inflow of foreign capital and
technology due to easing of restrictions.

Burden of the public sector has been reduced.

7. 



The bureaucracy has a tendency to attempt to defeat
measures aimed at deregulations.
Foreign investors still regard the policy and
procedural system in India still confusing . Rather
many feel that the policy & development of china
environment is superior to India.
Distortion of Industrial pattern occured due to slow
pace of investment in few basic and strategic
industries.
Absence of mechanism slow down the development
of backward areas.

8. Major reforms took place in 2002-2007
 Reforms in International Competition: Removal of
quantitative restrictions in imports.

Decline in role of Public Sector : Disinvestment
process converted many of the existing public sector
enterprises into non governmental enterprises.

9. 


Allowed 51% FDI in Multi Brand Retail and 100 FDI in
Single Brand retail.
It has relaxed rules to allow foreign airlines to invest
up to 49% in Indian carriers. Till now any foreign
company except an airline could buy stake upto 49 per
cent in an Indian airline. This move expected to help
bring much-needed cash flow to India's bleeding
private airlines.
The Cabinet Committee on Economic Affairs also
hiked the cap on foreign investment in the broadcast
sector to 74 per cent. Earlier, 49 per cent FDI was
allowed in cable TV and direct-to-home segments, and
74 per cent in head-end in the Sky (HITS).

10. 
The government also approved sale of its minority
stakes in four public sector firms -- Hindustan Copper,
Oil India, MMTC and Nalco-- to raise up to Rs. 15,000
crore.

13. CALENDA
R
GMT
COUNTRY
EVENT
REFERENCE
ACTUAL
PREVIOUS CONSENSUS FORECAST
2013-07-12
01:00 PM
INDIA
INDUSTRIAL PRODUCTION YOY
MAY 2013
-1.6%
2%
1.6%
3.97%
2013-08-12
01:00 PM
INDIA
INDUSTRIAL PRODUCTION YOY
JUN 2013
-2.2%
-1.6%
-1.2%
1.88%
2013-09-12
01:00 PM
INDIA
INDUSTRIAL PRODUCTION YOY
JUL 2013
2.6%
-1.8% (R)
-0.8%
0.01%
2013-10-11
01:00 PM
INDIA
INDUSTRIAL PRODUCTION YOY
AUG 2013
0.6%
2.75% (R)
2013-11-12
12:00 PM
INDIA
INDUSTRIAL PRODUCTION YOY
SEP 2013
2.0%
0.4% (R)
3.5%
2.52%
2013-12-12
12:00 PM
INDIA
INDUSTRIAL PRODUCTION YOY
OCT 2013
-1.8%
2.0%
-1.2%
-2.75%
-2.04%