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  • Critical Evaluation of New Indusrial Policy

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    patel_richi
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    The industrial policy of 1991 led India to shift from a planned economy to a greater orientation towards a free market. This policy emphasized liberalization and privatization, increasing foreign exchange reserves and reducing inflation. While GDP growth increased overall from the 1980s-2000s, industrial growth slowed in the early 1990s due to lower exports and global slowdown. However, industrial growth sharply increased after 2002 due to continued liberalization, and service sector growth boosted GDP to over 8% by the late 2000s.

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    The industrial policy of 1991 led India to shift from a planned economy to a greater orientation towards a free market. This policy emphasized liberalization and privatization, increasing foreign exchange reserves and reducing inflation. While GDP growth increased overall from the 1980s-2000s, industrial growth slowed in the early 1990s due to lower exports and global slowdown. However, industrial growth sharply increased after 2002 due to continued liberalization, and service sector growth boosted GDP to over 8% by the late 2000s.

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    6K vizualizări3 pagini

    Critical Evaluation of New Indusrial Policy

    Încărcat de

    patel_richi
    The industrial policy of 1991 led India to shift from a planned economy to a greater orientation towards a free market. This policy emphasized liberalization and privatization, increasing foreign exchange reserves and reducing inflation. While GDP growth increased overall from the 1980s-2000s, industrial growth slowed in the early 1990s due to lower exports and global slowdown. However, industrial growth sharply increased after 2002 due to continued liberalization, and service sector growth boosted GDP to over 8% by the late 2000s.

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 3

    CRITICAL EVALUATION OF NEW

    INDUSRIAL POLICY
    • It leads to Free market economy from
    the planned economy
    • At present We have mixed economy
    with greater orientation towards a free
    market and private sector due to
    policy
    • Industrial Policy from 1991 laying
    greater emphasis on liberalization and
    privatization
    • Foreign exchange reserves increased
    due to policy
    • Inflation Rate(which was measured by
    WPI in 1991) had been brought down
    from 14% to 4.5 in 1997-98
    GROWTH OF INDIAN ECONOMY
    Sector 1981- 1992- 1992- 1997-2002- At Present
    • 82 To 93 93 2002 07 Q2 2009-
    • 1990- To To 10
    •Agricult 91
    3.6 2000-
    3.2 1996-
    4.7 2.0 2.5 0.9
    ure 01 97
    •Industry 7.1 6.4 7.6 4.6 8.74 9.2
    •Services
    GDP 5.6
    6.7 7.8
    6.1
    7.6
    6.7
    8.1
    5.5
    9.28
    7.8
    9.6
    7.9
    •
    • GDP at factor cost which was 5.6 in
    1981-82 to 1990-91 rose to 6.1 in
    1992-93 to 2000-01 but industrial
    growth rate decrease from 7.1 to 6.4
    • Slowdown in industrial growth due to
    lower exports and global slowdown
    •
    Cont…

    • There was a sharp increase in


    Industrial growth from 2002 to 2007
    due to industrial policy of liberalization

    • Lower lending interest rate accelerated


    the growth rate in automobile and
    consumer durable good market during
    the recent years
    • In 9th plan ,5.5% GDP has been
    achieved due to service sector growth
    of India which is 8.1%
    • At present our GDP beats the market

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