Industrial Policies | Business Environment - B Com PDF Download

 Page 1


Industrial Policy
•
It covers rules, regulations, principles, policies, & 
procedures laid down by government for 
regulating & controlling industrial undertakings in 
the country.
•
It prescribes the respective roles of the public, 
private, joint, cooperative, large, medium & small 
scale sectors for the development of industries.
•
It incorporates fiscal & monetary policies, tariff 
policy, labor policy.
•
It shows the government attitude especially 
toward public & private sectors
Page 2


Industrial Policy
•
It covers rules, regulations, principles, policies, & 
procedures laid down by government for 
regulating & controlling industrial undertakings in 
the country.
•
It prescribes the respective roles of the public, 
private, joint, cooperative, large, medium & small 
scale sectors for the development of industries.
•
It incorporates fiscal & monetary policies, tariff 
policy, labor policy.
•
It shows the government attitude especially 
toward public & private sectors
Main Objectives of Industrial Policies
•
To maintain a sustained growth and productivity
•
To enhance gainful employment
•
To prevent undue concentration of economic power
•
To achieve optimal utilization of human resources
•
To attain international competitiveness and
•
To transform India into a major partner and player in 
the global arena
Page 3


Industrial Policy
•
It covers rules, regulations, principles, policies, & 
procedures laid down by government for 
regulating & controlling industrial undertakings in 
the country.
•
It prescribes the respective roles of the public, 
private, joint, cooperative, large, medium & small 
scale sectors for the development of industries.
•
It incorporates fiscal & monetary policies, tariff 
policy, labor policy.
•
It shows the government attitude especially 
toward public & private sectors
Main Objectives of Industrial Policies
•
To maintain a sustained growth and productivity
•
To enhance gainful employment
•
To prevent undue concentration of economic power
•
To achieve optimal utilization of human resources
•
To attain international competitiveness and
•
To transform India into a major partner and player in 
the global arena
Industrial Policies-History
•
Industrial Policy Resolution of 1948
•
Industrial Policy Resolution of 1956
•
Industrial Policy Resolution of 1973
•
Industrial Policy Resolution of 1977
•
Industrial Policy Resolution of 1980
•
The New Industrial Policy of 1991
Page 4


Industrial Policy
•
It covers rules, regulations, principles, policies, & 
procedures laid down by government for 
regulating & controlling industrial undertakings in 
the country.
•
It prescribes the respective roles of the public, 
private, joint, cooperative, large, medium & small 
scale sectors for the development of industries.
•
It incorporates fiscal & monetary policies, tariff 
policy, labor policy.
•
It shows the government attitude especially 
toward public & private sectors
Main Objectives of Industrial Policies
•
To maintain a sustained growth and productivity
•
To enhance gainful employment
•
To prevent undue concentration of economic power
•
To achieve optimal utilization of human resources
•
To attain international competitiveness and
•
To transform India into a major partner and player in 
the global arena
Industrial Policies-History
•
Industrial Policy Resolution of 1948
•
Industrial Policy Resolution of 1956
•
Industrial Policy Resolution of 1973
•
Industrial Policy Resolution of 1977
•
Industrial Policy Resolution of 1980
•
The New Industrial Policy of 1991
Industrial Policy Resolution 1948
•
After Independence in 1947, the national 
consensus was in favour of rapid industrialization 
of the economy
•
Building on the so-called "Bombay Plan" in the 
pre-Independence era, the first Industrial Policy 
Resolution announced in 1948
Page 5


Industrial Policy
•
It covers rules, regulations, principles, policies, & 
procedures laid down by government for 
regulating & controlling industrial undertakings in 
the country.
•
It prescribes the respective roles of the public, 
private, joint, cooperative, large, medium & small 
scale sectors for the development of industries.
•
It incorporates fiscal & monetary policies, tariff 
policy, labor policy.
•
It shows the government attitude especially 
toward public & private sectors
Main Objectives of Industrial Policies
•
To maintain a sustained growth and productivity
•
To enhance gainful employment
•
To prevent undue concentration of economic power
•
To achieve optimal utilization of human resources
•
To attain international competitiveness and
•
To transform India into a major partner and player in 
the global arena
Industrial Policies-History
•
Industrial Policy Resolution of 1948
•
Industrial Policy Resolution of 1956
•
Industrial Policy Resolution of 1973
•
Industrial Policy Resolution of 1977
•
Industrial Policy Resolution of 1980
•
The New Industrial Policy of 1991
Industrial Policy Resolution 1948
•
After Independence in 1947, the national 
consensus was in favour of rapid industrialization 
of the economy
•
Building on the so-called "Bombay Plan" in the 
pre-Independence era, the first Industrial Policy 
Resolution announced in 1948
Features/ Objectives of Policy
•
Acceptance of Mixed Economy with exclusive 
monopoly of government in selected areas
•
Bring Economic stability to create investment 
friendly environment
•
Establishment of new industrial undertakings
•
Importance of foreign capital was identified but new 
organizations must be under Indian ownership