Economic reforms and industrial growth, Microeconomics

Economic Reforms and Industrial Growth

Economic reforms were mainly intended to remove obstacles so that investment in industry may be accelerated. With this end in view, industrial licensing was abolished in all but 15 industries. Consequently, the reform process was able to dismantle the system of industrial licensing so that industrial production growth could be accelerated.

Despite all this, facts do not support any sharp acceleration of industrial production. Rather, they indicate that the index of industrial production which showed a growth rate of 7.8 per cent in the pre-reform period (1981-82 to 1990-91), decelerated to 5.8 per cent during the post-reform period (1993-94 to 2002-03).

 

Posted Date: 11/15/2012 2:38:10 AM | Location : United States







Related Discussions:- Economic reforms and industrial growth, Assignment Help, Ask Question on Economic reforms and industrial growth, Get Answer, Expert's Help, Economic reforms and industrial growth Discussions

Write discussion on Economic reforms and industrial growth
Your posts are moderated
Related Questions
#question.theories of cost

Economic profit and Economic loss: Economic profit is the excess if total revenue over total cost when the latter includes both explicit and implicit costs. It is the type o

What are subsidies?  Almost in all market systems, government plays its role to stabilize the price of certain commodities, which are of public interest like medicines and edib

advantages and disadvantages

Problem 1: a) Explain the different types of unemployment that exist. b) Critically examine how monetary policy can be used to deal with inflation. c) Critically examine


Describe one case that fits the story of Prisoner Dilemma in not more than 10 sentences. It should fit the following features and it should not be any of the examples we already ta

The market for labor can be studied use a supply and demand framework.  The demand for labor is from employers who use labor to produce goods and services.  The supply of labor is

You have decided to sell some goods at a local music festival. You have hired a sales stand for $500. Your cost per item is $3 and you will sell each item for $5. When you did your

Financial relationship with the IMF: IMF provides temporary assistance to member countries to tide over BOP deficits. When a country requires foreign exchange, its tenders its