industrial policy

Industrial Development Suggestions for India

Industrial Development In Developing Countries

In developed countries, there are several favorable conditions for Industrial Development, but in poor and developing countries there are several problems in its development. Even after some significant developments in the field of Industrialization in India, the country is still an agricultural country and 38% of the national income and 70% of the population depends on the land.
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Industrial Policy Of 1991 – Industrial Development in India

Industrial Policy, 1991

Professor P. J. Kurien of Vennikulam, Kerala, is a political and social worker, teacher, and educationist. He is known for Industrial Policy, 1991.

In order to accelerate Industrial Development in India, and in accordance with the changing circumstances, various industrial policies were declared in the years 1948, 1956, 1977, 1980, and 1985, but in spite of all efforts, the pace and as well as the level of Industrial Development in India, could not be reached according to its need. Therefore, in order to lift unnecessary restrictions on Industries, under the licensing policy, and to increase their efficiency, development, and technological level, in order to make Indian goods usable in the competitive global market, on 24th July 1991, in Lok-Sabha the Minister of States for industries, Mr. P. J. Kurian declared the Industrial Policy, 1991.

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