Question
What are the objectives of the new industrial policy? Analyse the main features of the policy. (
Answer :
Word Count : 1275
____ _____ ____ _____ _____ ____ ___.
____ ___ _________ _________ _________ ___ _____ ________ ______ _________ _____.
_________ ______ ____ __________ ____ ______.
_________ ______ ____ ______ _____ _________ ____.
_______ _____ ______ ________ _______ _______ __________ ___ _________ __________ __________.
_______ __________ ________ _____ ______ ___ _________.
___ ______ __________ ____ ____ ___ _________ _______ ____.
______ __________ __________ _______ _____ ________ ______ ___ _____.
______ _______ _________ _________ ______ _____ ___ ___ ______ ________.
______ ________ ________ _______ ____ _______ ___ __________ _____.
_________ _________ ________ __________ _______ ___ ___ _________.
________ ________ __________ __________ __________.
____ ________ ____ _____ _____.
________ ____ _________ _____ ________ ______ ____ _______ ____ ______.
_______ ____ ___ _______ ________ ____ __________ ___.
_________ ____ ____ _________ ____ ________ ____ ___ ________.
___ _________ ____ ____ __________ ___ ________ ________.
___ __________ ________ ______ ________ __________ _____.
_____ ___ _____ _____ ______.
_____ _____ ___ ____ ______ ______ _______ ________ _______.
______ ______ _________ ______ ______ ___ _______ _________.
__________ ________ ________ _________ _____ _______ _____ _______ ________ __________ ______ ___.
____ ________ ___ ______ ________.
________ __________ ____ ________ ___.
__________ ______ _____ ________ _____ ___ ______ ________.
______ _________ _________ ________ ________ ____ ________ _____ ___ ______.
_______ ________ _________ _______ ________ ____ ______ ____.
_______ _________ ______ ______ ________ ________ __________ _________ ___.
___ ______ ____ ______ ___ _______.
________ ________ _______ _______ ___ ___ _______ _________ ____ __________ ______ _________.
_____ ____ ______ ______ _______ _________ __________ _______ _____ ________ _________.
________ _____ ____ _______ ______ ___ _________ ________ _______ ___ _______ _________.
___ _______ ______ __________ _____ ________ _________ _________.
_________ ______ ____ ________ _____ ____ ______ ___ _________ _______ __________.
___ ______ ____ _________ _______ ________ ______ _______ _______ ___ _______.
__________ _____ _______ _________ _______ _________.
__________ _____ ________ ___ _______.
________ ________ _________ ___ ______ _________.
___ ________ ____ ________ ___ ____ _____ ____ __________ _______ ______ _____.
______ ____ _________ ___ ___ _____.
_________ ___ ___ _____ ______ __________ _____ ________.
_____ ____ ___ ________ ______ _________.
________ ______ _________ ___ ___ __________ ______ ______.
________ _______ ________ _______ ___ ______ _________ __________ ___.
__________ ______ _____ _______ ___ _______ ________.
_______ _____ _____ __________ __________ _______ ___.
_____ ________ ____ ______ ___ _________ __________ _____ ___.
__________ __________ ____ _________ _________ ____ _________ _____.
_________ _______ __________ _______ ____ ______.
_______ _____ ____ ____ ________.
_____ _____ _______ _________ _________ ______ _______.
_______ _________ ________ _________ ____ __________ ______ ______ ___ ______ ______.
_________ _________ ___ ________ __________ _______ ___ __________ _________.
_______ _____ ______ ________ ____ _________ ________.
_____ ________ ____ ______ __________ ___ ___ ___ __________ ________ ____.
_____ _______ ___ _________ _____ __________ _________ __________ ______ ___ __________.
________ ________ ____ _________ ___.
___ ______ ______ ________ ______ _____ ________ __________ ____ __________ _____.
____ _______ ________ _____ _____ __________ _________ _______ __________ _______ ________ _________.
__________ ________ _______ ______ ________ _______ ________ __________ __________.
_________ _________ ________ ______ _______ _______ ____.
______ __________ __________ ______ _____ ______ ____ ________ __________ ________ _____ ________.
________ _______ __________ _________ _________ _______ _________ _______ ______ __________.
____ ______ _____ ________ _________ _______ _____ _______ ______ ________ _____.
__________ __________ ______ _____ ___ _____ _______ ______ ________ ________ __________.
____ _____ _______ _____ __________ ______ ________.
_________ _____ _______ ____ ________ ____.
_______ _______ _______ _________ ______ ____ _________ ___.
__________ ____ _______ ____ _____ ____ ___ _________ ______ __________.
______ _________ _________ __________ ________ __________ ____ _____ __________ __________.
__________ ________ ________ ___ ______.
_______ _________ _________ ________ ____ ___ _____ _____ _______ ____ _____.
____ ____ ____ _______ ________ _______ ___.
__________ ___ ____ __________ __________ ______ _________ ___ ____.
__________ ______ __________ __________ ________ ______ ____.
_______ _______ _______ _________ _____ ________.
__________ ___ __________ _______ ______ _______.
_______ ____ ________ _________ ________ ____ ____ ________ _______ ________ _________.
________ _____ ________ _____ ________ _______.
_______ ________ _______ ________ __________ ___ ______.
___ ___ ________ ___ ____ __________ ______ _______ _____ _____ _________ ________.
____ __________ _______ ___ _____ _________ _______ __________.
________ ___ ____ ____ _____ ______ _____ _________ _______ ___.
_______ ______ ________ _____ _____ _________ ________ __________ ________ _________.
________ ____ ____ _________ _____ ___ _____ _______ ________ _______.
_________ ____ ________ _______ ___ _______ ____ ______.
______ _______ ______ ______ ____ _________ _____ _____ ___ _____.
________ _____ ___ ____ ________ _________ _________ ________ _________ _________ _______.
___ ______ ________ ____ ______ __________ _____ ___.
________ _____ ___ __________ ____ _______ _______.
_____ ___ _______ __________ _______ _____ __________ _____.
____ _________ ____ ________ ________ ___ ____ ___ ____ ________ _______ __________.
_____ _____ _________ __________ ____ _____ _______ ______ _____.
________ ____ _________ ________ ________ _________ ______ _____ ________ _____ __________.
________ _______ ______ _____ _________.
____ _______ ________ _________ _______ ______ ______ _____ _______ ____ _____ _______.
_____ ______ _________ ________ ______.
____ ______ _______ __________ _______ _____ __________.
_______ _____ _______ _______ _____ __________ _____ ___ __________ ________.
__________ ________ ______ __________ _____ ___ ______.
___ ____ ____ ___ ______ ___ ________ ___ ______ ___ ______ ________.
_________ ___ ________ ____ ________ _____ ________ __________ __________ _______ _______.
____ ___ ________ ______ _____ ______.
_________ _______ ________ _____ _________ _______ _______ ______ ___.
____ __________ ___ ______ ________ __________ ____ ___ ______ _______ _______ ___.
_________ ___ ______ _____ ________.
___ ________ ________ _______ _____ ________ ___ _________ ____.
___ _____ _____ ______ ____.
_______ ___ ____ _________ _________ _________ _______.
____ ____ ______ _____ _________ _______ ____ _____ ____ ________ ________ _______.
_________ ________ __________ __________ ______ __________ _____ _____ ________.
____ _____ ________ _________ ____.
_________ __________ _____ _____ ______.
____ __________ _________ _________ _________ ______.
______ ____ ____ ___ ____ _________.
Skip in 10
The New Industrial Policy of India was announced on 24 July 1991 against the background of a severe economic crisis. India was facing a serious balance of payments problem, high fiscal deficits, rising inflation, low foreign exchange reserves and slow industrial growth. The policy marked a major shift from the highly regulated industrial system towards liberalisation, privatisation and greater integration with the world economy. It aimed to create a competitive, efficient and dynamic industrial sector capable of responding to domestic and international market conditions. Since industrial policy also directly affects the country's foreign trade, the reforms sought to improve the international competitiveness of Indian industries and encourage exports. The major objectives of the New Industrial Policy were to accelerate industrial growth and improve industrial efficiency. The policy recognised that excessive controls, licensing requirements and restrictions on private investment had reduced competition and discouraged innovation. Therefore, it aimed to remove unnecessary controls and provide greater freedom to enterprises to make investment and production decisions. Another important objective was to promote competition and productivity. Indian industries were expected to become more efficient by facing greater domestic and international competition. The policy sought to encourage technological modernisation, better management practices, economies of scale and efficient utilisation of resources. The policy also aimed to encourage private sector participation. Before 1991, several industries were reserved for the public sector and private enterprises faced extensive restrictions. The New Industrial Policy reduced the exclusive role of the public sector and expanded opportunities for private investment. This was intended to mobilise private capital, managerial skills and technological capabilities. A further objective was to attract foreign investment and foreign technology. India needed additional capital, modern technology and access to international markets. Foreign investment was therefore regarded as an important means of increasing production capacity, improving technology and integrating Indian industry with the global economy. The
_________ _______ ______ ____ ____ ________.____ _____ ____ _____ _____ ____ ___.
____ ___ _________ _________ _________ ___ _____ ________ ______ _________ _____.
_________ ______ ____ __________ ____ ______.
_________ ______ ____ ______ _____ _________ ____.
_______ _____ ______ ________ _______ _______ __________ ___ _________ __________ __________.
_______ __________ ________ _____ ______ ___ _________.
___ ______ __________ ____ ____ ___ _________ _______ ____.
______ __________ __________ _______ _____ ________ ______ ___ _____.
______ _______ _________ _________ ______ _____ ___ ___ ______ ________.
______ ________ ________ _______ ____ _______ ___ __________ _____.
_________ _________ ________ __________ _______ ___ ___ _________.
________ ________ __________ __________ __________.
____ ________ ____ _____ _____.
________ ____ _________ _____ ________ ______ ____ _______ ____ ______.
_______ ____ ___ _______ ________ ____ __________ ___.
_________ ____ ____ _________ ____ ________ ____ ___ ________.
___ _________ ____ ____ __________ ___ ________ ________.
___ __________ ________ ______ ________ __________ _____.
_____ ___ _____ _____ ______.
_____ _____ ___ ____ ______ ______ _______ ________ _______.
______ ______ _________ ______ ______ ___ _______ _________.
__________ ________ ________ _________ _____ _______ _____ _______ ________ __________ ______ ___.
____ ________ ___ ______ ________.
________ __________ ____ ________ ___.
__________ ______ _____ ________ _____ ___ ______ ________.
______ _________ _________ ________ ________ ____ ________ _____ ___ ______.
_______ ________ _________ _______ ________ ____ ______ ____.
_______ _________ ______ ______ ________ ________ __________ _________ ___.
___ ______ ____ ______ ___ _______.
________ ________ _______ _______ ___ ___ _______ _________ ____ __________ ______ _________.
_____ ____ ______ ______ _______ _________ __________ _______ _____ ________ _________.
________ _____ ____ _______ ______ ___ _________ ________ _______ ___ _______ _________.
___ _______ ______ __________ _____ ________ _________ _________.
_________ ______ ____ ________ _____ ____ ______ ___ _________ _______ __________.
___ ______ ____ _________ _______ ________ ______ _______ _______ ___ _______.
__________ _____ _______ _________ _______ _________.
__________ _____ ________ ___ _______.
________ ________ _________ ___ ______ _________.
___ ________ ____ ________ ___ ____ _____ ____ __________ _______ ______ _____.
______ ____ _________ ___ ___ _____.
_________ ___ ___ _____ ______ __________ _____ ________.
_____ ____ ___ ________ ______ _________.
________ ______ _________ ___ ___ __________ ______ ______.
________ _______ ________ _______ ___ ______ _________ __________ ___.
__________ ______ _____ _______ ___ _______ ________.
_______ _____ _____ __________ __________ _______ ___.
_____ ________ ____ ______ ___ _________ __________ _____ ___.
__________ __________ ____ _________ _________ ____ _________ _____.
_________ _______ __________ _______ ____ ______.
_______ _____ ____ ____ ________.
_____ _____ _______ _________ _________ ______ _______.
_______ _________ ________ _________ ____ __________ ______ ______ ___ ______ ______.
_________ _________ ___ ________ __________ _______ ___ __________ _________.
_______ _____ ______ ________ ____ _________ ________.
_____ ________ ____ ______ __________ ___ ___ ___ __________ ________ ____.
_____ _______ ___ _________ _____ __________ _________ __________ ______ ___ __________.
________ ________ ____ _________ ___.
___ ______ ______ ________ ______ _____ ________ __________ ____ __________ _____.
____ _______ ________ _____ _____ __________ _________ _______ __________ _______ ________ _________.
__________ ________ _______ ______ ________ _______ ________ __________ __________.
_________ _________ ________ ______ _______ _______ ____.
______ __________ __________ ______ _____ ______ ____ ________ __________ ________ _____ ________.
________ _______ __________ _________ _________ _______ _________ _______ ______ __________.
____ ______ _____ ________ _________ _______ _____ _______ ______ ________ _____.
__________ __________ ______ _____ ___ _____ _______ ______ ________ ________ __________.
____ _____ _______ _____ __________ ______ ________.
_________ _____ _______ ____ ________ ____.
_______ _______ _______ _________ ______ ____ _________ ___.
__________ ____ _______ ____ _____ ____ ___ _________ ______ __________.
______ _________ _________ __________ ________ __________ ____ _____ __________ __________.
__________ ________ ________ ___ ______.
_______ _________ _________ ________ ____ ___ _____ _____ _______ ____ _____.
____ ____ ____ _______ ________ _______ ___.
__________ ___ ____ __________ __________ ______ _________ ___ ____.
__________ ______ __________ __________ ________ ______ ____.
_______ _______ _______ _________ _____ ________.
__________ ___ __________ _______ ______ _______.
_______ ____ ________ _________ ________ ____ ____ ________ _______ ________ _________.
________ _____ ________ _____ ________ _______.
_______ ________ _______ ________ __________ ___ ______.
___ ___ ________ ___ ____ __________ ______ _______ _____ _____ _________ ________.
____ __________ _______ ___ _____ _________ _______ __________.
________ ___ ____ ____ _____ ______ _____ _________ _______ ___.
_______ ______ ________ _____ _____ _________ ________ __________ ________ _________.
________ ____ ____ _________ _____ ___ _____ _______ ________ _______.
_________ ____ ________ _______ ___ _______ ____ ______.
______ _______ ______ ______ ____ _________ _____ _____ ___ _____.
________ _____ ___ ____ ________ _________ _________ ________ _________ _________ _______.
___ ______ ________ ____ ______ __________ _____ ___.
________ _____ ___ __________ ____ _______ _______.
_____ ___ _______ __________ _______ _____ __________ _____.
____ _________ ____ ________ ________ ___ ____ ___ ____ ________ _______ __________.
_____ _____ _________ __________ ____ _____ _______ ______ _____.
________ ____ _________ ________ ________ _________ ______ _____ ________ _____ __________.
________ _______ ______ _____ _________.
____ _______ ________ _________ _______ ______ ______ _____ _______ ____ _____ _______.
_____ ______ _________ ________ ______.
____ ______ _______ __________ _______ _____ __________.
_______ _____ _______ _______ _____ __________ _____ ___ __________ ________.
__________ ________ ______ __________ _____ ___ ______.
___ ____ ____ ___ ______ ___ ________ ___ ______ ___ ______ ________.
_________ ___ ________ ____ ________ _____ ________ __________ __________ _______ _______.
____ ___ ________ ______ _____ ______.
_________ _______ ________ _____ _________ _______ _______ ______ ___.
____ __________ ___ ______ ________ __________ ____ ___ ______ _______ _______ ___.
_________ ___ ______ _____ ________.
___ ________ ________ _______ _____ ________ ___ _________ ____.
___ _____ _____ ______ ____.
_______ ___ ____ _________ _________ _________ _______.
____ ____ ______ _____ _________ _______ ____ _____ ____ ________ ________ _______.
_________ ________ __________ __________ ______ __________ _____ _____ ________.
____ _____ ________ _________ ____.
_________ __________ _____ _____ ______.
____ __________ _________ _________ _________ ______.
______ ____ ____ ___ ____ _________.
IGNOU ACADEMY
Your IGNOU journey, made easier.
- Solved Assignments
- Study Notes
- Guess Papers
- Question Papers
Continue Reading — It's Free
Sign in with Google to unlock more of this answer.
✓ Free access
✓ Unlock up to 60% of the answer
✓ No payment required
✓ Unlock up to 60% of the answer
✓ No payment required
Quick Google sign-in. No separate registration form.