Sarthaks APP
0 votes
579 views
in Economics by (60.7k points)

Write a note on Industrial Sector Reforms?

1 Answer

+1 vote
by (49.6k points)
selected by
 
Best answer

1. Delicensing abolishing licensing system for starting industries which is applicable to all the industries but for products like alcohol, cigrates, hazardous chemicals, industrial explosives, electronics, aerospace and drugs and pharmaceuticals.

2. To reduce number of industries relating to public sector and allowing private sector invest. There are only three industries reserved for public sector namely

production of defence equipments

atomic generation

railway transport

3. Dereserving the production of many products which meant for small scale industries.

4. Determination of prices of commodities produced by the industries through market forces i.e., demand and supply.

5. Following laissez faire policy i.e., minimizing the intervention of Government.

6. To increase and have liberalization of FDI.

Sarthaks APP

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...