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| Strategy of Industrial Growth |
Here you can read all the policies made for Industrial Sector and how Indian achieve its goals in the Industrial Sector
Remembering points :
1. Importance of Industry
(i) Epicentre of Economic Growth
(ii) Source of Employment
(iii) Source of Mechanised Means of Farming
(iv) Imparts Dynamism to Growth Process
(v) Growth of Civilization
(vi) Infrastructural Growth
(vii) Industrialization- a Sine -qua-non of Growth
2. Factors Necessitating Direct Participation of the state (Public Sector) in Industrial Development
(i) Lack of Capital
(ii) Low Inducement to Invest
(iii) Growth with Social Justice
3. IPR-1956(Industrial Policy Resolution)
(i) Three-fold Classification of Industries
(ii) Industrial Licensing
(iii) Industrial Concessions
4. Development of SSI(Small Scale Industry)
Characteristics :
(i) SSI is Labour-Intensive and therefore Employment Friendly
(ii) SSI shows Locational Flexibility and therefore Equality-Oriented (referring to inter-regional equality)
(iii) SSI needs Small Investment and is therefore Equity-Oriented (referring to equality across different sections of the society)
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