CH 4 STRATEGY OF INDUSTIAL GROWTH Flashcards Preview

IED > CH 4 STRATEGY OF INDUSTIAL GROWTH > Flashcards

Flashcards in CH 4 STRATEGY OF INDUSTIAL GROWTH Deck (4)
Loading flashcards...
1
Q

Importance of industry

A
Epicenter of economic growth
Source of Employment 
source of mechanized means of farming
Imparts Dynamism into growth
Increase in quality of life
2
Q

Factors necessitating the participation of state

A

Lack of capital
Low inducement to invest
Growth with social justice

3
Q

ELEMENTS OF IPR 1956

A

Three fold classification of industries
Industrial licensing
Industrial concession

4
Q

Characteristics of SSI

A

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