Who announced 1977 industrial policy?
In 1977 a new industrial policy was announced by George Fernandez the then union industry minister in the parliament. The features of this policy are as follows: 1. Target on development of small scale industries: Main focus of this policy was development of small and tiny industries.
Who announced industrial policy 1977 in India?
Industrial Policy Statement, 1977- In December 1977, the Janata Government announced its New Industrial Policy through a statement in the Parliament. The main thrust of this policy was the effective promotion of cottage and small industries widely dispersed in rural areas and small towns.
What are the industrial policy in India?
The main objectives of Industrial Policy in India include: Maintaining steady growth and productivity. Increasing employment opportunities. Better usage of existing human resources.
Which was the last Five Year Plan in India?
12th Five Year Plan of
12th Five Year Plan of the Government of India (2012–17) was India’s last Five Year Plan.
Which year declared first industrial policy in India?
Industrial Policy Resolution of 1956 (IPR 1956) is a resolution adopted by the Indian parliament in April 1956.
Which year was new industrial policy?
With the New Industrial Policy’ 1991, the Indian Government intended to integrate the country’s economy with the world economy, improving the efficiency and productivity of the public sector.
Who introduced 1956 industrial policy?
Industrial Policy Resolution of 1956 (IPR 1956) is a resolution adopted by the Indian parliament in April 1956. It was the second comprehensive statement on industrial development of India after the Industrial Policy of 1948.
Why do we need industrial policy?
The industrial policy of the Government of India is aimed at increasing the tempo of industrial development. It seeks to create a favourable investment climate for the private sector as well as mobilise resources for the investment in public sector.
What was the Industrial Policy Statement of 1977?
The Industrial Policy Statement 1977 was announced by Janata Government led by Morarji Desai on 23 December, 1977. This policy was later replaced by incumbent Congress Government in 1980. This was the first time when a non-congress government was ruling dispensation at centre.
What was the industrial policy of India in 1948?
Industrial Policy in India. The various industrial policy introduced by the Indian government are as follows: Industrial Policy Resolution, 1948. It declared the Indian economy as Mixed Economy; Small scale and cottage industries were given the importance; The government restricted foreign investments; Industrial Policy Resolution, 1956 (IPR 1956)
What was the main objective of the 1956 Industrial Policy?
To meet new challenges, from time to time, it was modified through statements in 1973, 1977, and 1980. This policy was an extension of the 1956 policy. The main was employment to the poor and reduction in the concentration of wealth.
Who was the Prime Minister of India in 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.