Chapter

The Industrial Sector

T.N. Srinivasan

in Eight Lectures on India's Economic Reforms

Published in print June 2000 | ISBN: 9780195652826
Published online October 2012 | e-ISBN: 9780199080649 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195652826.003.0001
The Industrial Sector

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This chapter discusses various efforts to reform the industrial sector in India from 1948 to 1991. In the post-independence period, the Industrial Policy Resolution of 1948 had set the broad outlines of our industrial development strategy by distinguishing industries according to the end use of their outputs, their ownership, and their size or technology. This First Five Year Plan was followed by the Second Plan (1956–61) which provided the analytical foundation for the development strategy that was pursued for the subsequent thirty-five years. The reforms of 1991 abolished industrial licensing and import licensing and eased restrictions under the Monopolies and Restrictive Trade Practices Act. The Security and Exchanges Board of India (SEBI) was created and a Telecommunications Regulatory Authority of India (TRAI) was established.

Keywords: industrial sector; reforms; India; Industrial Policy Resolution of 1948; industrial development; industrial licensing; import licensing; Telecommunications Regulatory Authority of India

Chapter.  5543 words. 

Subjects: Economic Development and Growth

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