Economic reforms and industrial growth, Microeconomics

Assignment Help:

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).

 


Related Discussions:- Economic reforms and industrial growth

Consumer behavior, what are the properties of marshallian demand function

what are the properties of marshallian demand function

When tree berson shared , ahmed has 500 dolars.asma has 700 dolars.cismaan...

ahmed has 500 dolars.asma has 700 dolars.cismaan has 800 dolar

Elasticity, if australian governmrnt imposed a sales tax on petrol by $0.25...

if australian governmrnt imposed a sales tax on petrol by $0.25, then the price of petrol will rise by 0.25. consumers can not get by without petrol, so they have to pay the whole

Feudalism, A type of economy (like in Europe in the Middle Ages) which is p...

A type of economy (like in Europe in the Middle Ages) which is primarily agricultural however productive enough to support a class of merchants andartisans. Feudal societies are co

Production , Suppose that a firm’s production function is given by Q=30L-3L...

Suppose that a firm’s production function is given by Q=30L-3L2, where L is labor input and Q is the output. a) Derive and draw the firm’s demand for labor while the firm’s produ

Compare and contrast the macroeconomic performances , 1. Assessment Criteri...

1. Assessment Criteria The coursework will be marked on the overall outcome including: structure, quality of reasoning, quality of written English, data analysis, referencing, sty

Welfare, what is Scitovsky Contour ?

what is Scitovsky Contour ?

Micro, a. Suppose the demand for saline solution is perfectly inelastic for...

a. Suppose the demand for saline solution is perfectly inelastic for contact lens wearers. If the government imposes a tax on saline solution, what occurs? Be sure to tell what hap

Elimination of waste - stock management, Elimination of waste - Stock Manag...

Elimination of waste - Stock Management Here is a definition of the elimination of waste: Anything other than the minimum amount of equipment, material, parts and working t

Shares and slavery, Shares: Financial assets that represent ownership of a ...

Shares: Financial assets that represent ownership of a small proportion of total equity (or net wealth) of a corporation. Shares can be sold and bought on a stock market. Slaver

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd