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IED > CH 4 STRATEGY OF INDUSTIAL GROWTH > Flashcards

CH 4 STRATEGY OF INDUSTIAL GROWTH 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
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2
Q

Factors necessitating the participation of state

A

Lack of capital
Low inducement to invest
Growth with social justice

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3
Q

ELEMENTS OF IPR 1956

A

Three fold classification of industries
Industrial licensing
Industrial concession

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4
Q

Characteristics of SSI

A

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

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IED (10 decks)

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