Evaluation of New Industrial Policy: New industrial policy was a new experience for India. On the one hand, it provided an environment conducive to the industry and allowed its wings to spread, whereas, on the other hand, it opened the door for MNCs and sent a clear message to Indian Read more…
The New Industrial Policy was announced on July 24, 1991 by the government, headed by Prime Minister P.V. Narasimha Rao. The New Industrial Policy (NIP) was a great deviation from the old industrial policy. When all previous industrial policies talked about how to regulate the private sector in a so-called Read more…
Overview of Industrial Policy 1977: In March 1977, the first non-Congress government was at the center. The Janata Party assumed power and Morarji Desai, a staunch Gandhian, became the Prime Minister. The new government declared a new industrial policy, 1977. The Janata government was in the opinion that during the Read more…
Overview of Industrial Policy 1956: The draft of the industrial policy, 1956 was very complete. This emphasized the establishment of a socialist pattern of society. This policy also emphasized that the country’s industrial development should be guided by the Principles of the Constitution. The industrial policy 1956 emphasizes, among other Read more…
The first industrial policy, 1948 itself covers the way for the mixed economy in the nation. It accepted the existence of the public and private sectors in the economy. It assigned a progressive role to the State, to investment in industrialization and to the regulation of the private sector. It Read more…
The industrial policy of the government is one of the most important documents, which causes a lasting impact on the country’s industry. It is a policy document prepared by the government that establishes how the industrial environment of the country will be performing in the future. The role of industrial Read more…
Economic environment: The face of the economic environment in the Indian economy has changed dramatically since 1991. Previously, pricing in India was governed by managed price mechanisms, but market forces today govern prices. Economic environment supported by extensive reforms in the last decade, India’s economic growth has been robust. A Read more…