Page-7 of GS-III: Economy & Economic Development

Discuss the current status of Government Monopoly industries and Industrial Licensing in India.

Hint: Industrial licensing policy 1956 was abolished in 1991.The compulsion for obtaining prior approval for setting up a industrial unit were left to only to few industries. Currently only two categories which are atomic energy and Railways reserved for public ..

India’s push for transitioning from fossil fuels to more sustainable forms of renewable energy will not lead results until reforms are done in power distribution and transmission companies. Elucidate.

India has an energy mix that is heavily tilted towards fossil fuels. Owing to the threat of climate change and international obligations, India is moving towards renewable energy. India is adopting renewable energy in order to: Meet commitments made under ..

"Apart from the four fold classification of the industries; the Industrial Policy 1948 endeavoured to protect cottage & small scale industries by according them priority status."Throw light.

Under this policy, the large industries were classified in four categories viz. Strategic Industries, Basic / Key industries, Important Industries and other industries which respectively referred to Public Sector; Public-cum-Private Sector; Controlled Private Sector and Private & Cooperative sector. Further, it ..

Give a critical account of the progress of industries during the initial three five year plans. To what extent these plans set the stage for long- run economic growth in the country. Examine.

During the initial three five year plans, a strong industrial base developed and India learned focusing on industries other than that of consumer goods. Public industries got tremendous policy support and immerged as a major giant in many sectors. Great ..

Diversification of energy basket has not remain a choice, rather it is key for survival. Elucidate.

India has an energy basket that is heavily tilted towards fossil fuels like coal. While Socio-economic imperatives have contributed to reliance on coal, recent developments have prompted a shift in approach. Necessity of diversifying energy basket: India has to meet ..

In light of the ongoing rapid growth in the livestock sector, examine its significance with special focus on the role played by women as livestock farmers in boosting the rural economy.

The livestock sector in India is one of the most rapidly growing components of the rural economy. Significance: It has grown at a rate of 7.9% during the last six years while the crop farming grew by just 2% in ..

Explain the Upstream /Downstream Industries and Forward / Backward Linkages with reference to Food Processing Industry.

Hint: The upstream industries are dedicated to procurement, extraction and initial processing of raw material for manufacturing use ex- flour milling; leather tanning; cotton ginning; oil pressing, fish canning etc Downstream industries undertake further manufacturing operations on intermediate products made ..

Discuss the salient features of the Industrial Policy Resolution 1956 throwing light on its outcomes.

Hint: The Industrial Policy Resolution of 1956 was based upon the Mahalanobis Model of growth, which laid emphasis on the heavy industries.It classified industries into threefold in Schedule A, B and C industries. Schedule A Industries -strictly under the Central ..