Introduction The Indian economy is changing a lot, with the service sector becoming the main source of growth. This sector includes IT, finance, tourism, and healthcare, and it’s now a major player in India’s economic development. In this article, we’ll…
Meaning of Foreign Capital Foreign capital refers to financial resources from foreign governments, individuals, or organizations invested in a country’s businesses and industries. This can include direct investments in companies, loans, or trade credit. Foreign capital plays a crucial role…
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Introduction and Meaning The industrial policy of the Government of India aims to establish a socialist society and promote industrial development. To achieve this, the policy emphasizes the expansion of the public sector, which includes enterprises owned and controlled by…
Problems Faced by Cottage and Small Scale Industries 1) Raw Material Shortage Small-scale industries often face challenges in sourcing quality raw materials at affordable prices, leading to high production costs and poor-quality finished goods. This scarcity not only affects the…
Cottage and Small Scale Industries: A Comprehensive Look
Cottage and Small Scale Industries: A Comprehensive Look
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Importance of Cottage and Small Scale Industries Small-scale industries play a crucial role in the Indian economy and warrant comprehensive development. This is evident from the following considerations: Read More: Food Security in India – Introduction, Need & Government Initiatives…
Steps Taken by Government for Industrial Development
Steps Taken by Government for Industrial Development
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Steps Taken by Government for Industrial Development After independence, the government set up a smart plan in 1948 to help factories grow. They made rules in 1951 to guide how industries should grow. These rules were changed a few times,…
Role of Industrialization in Economic Development in India Industries play a crucial role in driving rapid economic development in India. Industrial growth is essential for boosting the overall growth rate of the Indian economy, achieved through increased production and employment…
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Introduction and Meaning Agriculture Price Policy in India witnesses significant fluctuations in agricultural product prices, surpassing those of industrial goods like machinery and factories. During Five Year Plans, the Agricultural Commodity Price Index (ACPI) experiences greater volatility compared to the…
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What is a Public Distribution System (PDS)?
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Introduction Public Distribution System (PDS) is a government-led initiative aimed at distributing essential food and non-food items, such as rice, wheat, sugar, and kerosene, to the economically disadvantaged sections of society at subsidized rates. Through a network of fair price…
Food Security in India – Introduction Food shortage and malnutrition pose significant challenges in India. Factors contributing to these issues include low agricultural productivity, outdated technology, inadequate irrigation, natural disasters, poverty, inflation, and population growth. While the Green Revolution and…