AN INDUSTRIAL CHURNING

From Socialist Big State to Licence Raj to Liberalisation to Aatmanirbhar Bharat, Indian manufacturing has seen many lows and highs

THE INDUSTRIAL POLICY RESOLUTION OF 1948 focuses on enhancing production and ensuring equitable distribution by stressing the role of the state in industrial activity

THE INDUSTRIAL DEVELOPMENT & REGULATION ACT, 1951 requires that industries get a licence to set up and expand; a specified schedule of industries is created to denote the various licences needed

LIBERALISATION AND THE NEW ECONOMIC POLICY 1991 transforms India’s industrial and manufacturing landscape

AATMANIRBHAR BHARAT ABHIYAN announced in May 2020, aims to encourage domestic production and reduce our dependence on imports, especially from China

In February 2021, the Narendra Modiled government announces an outlay of Rs 1.97 lakh crore across 14 key sectors for a Production-Linked Incentive scheme to create ‘NATIONAL MANUFACTURING CHAMPIONS’