CH 4 STRATEGY OF INDUSTIAL GROWTH Flashcards Preview

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Flashcards in CH 4 STRATEGY OF INDUSTIAL GROWTH Deck (4)
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1

Importance of industry

Epicenter of economic growth
Source of Employment
source of mechanized means of farming
Imparts Dynamism into growth
Increase in quality of life

2

Factors necessitating the participation of state

Lack of capital
Low inducement to invest
Growth with social justice

3

ELEMENTS OF IPR 1956

Three fold classification of industries
Industrial licensing
Industrial concession

4

Characteristics of SSI

Equity based
(Inter regional & equality among different sections of society)
Employment friendly