Effects Of Liberalization On The Economy, Changes In Industrial Policy And Their Effects On Industrial Growth

Previous Year Questions Asked In Mains From This Topic

• Account for the failure of manufacturing sector in achieving the goal of labour-intensive exports. Suggest measures for more labour-intensive rather than capital-intensive exports. [2017]

• “Industrial growth rate has lagged-behind in the overall growth of Gross-Domestic-Product (GDP) in the post-reform period.” Give reasons. How far the recent changes in Industrial-Policy are capable of increasing the industrial growth rate ? [2017]

• “Success of ‘Make in India’ programme depends on the success of ‘Skill India’ programme and radical labour reforms.” Discuss with logical arguments. [2015]

• To what factors can the recent dramatic fall in equipment costs and tariff of solar energy be attributed ? What implications does the trend have for the thermal power producers and the related industry ? [2015]

• There is a clear acknowledgement that Special Economic Zones (SEZs) are a tool of industrial development, manufacturing and exports. Recognizing this potential, the whole instrumentality of SEZs requires augmentation. Discuss the issues plaguing the success of SEZs with respect to taxation, governing laws and administration. [2015]

• Foreign Direct Investment (FDI) in the defence sector is now set to be liberalized. What influence this is expected to have on Indian defence and economy in the short and long run? [2014]

• Examine the impact of liberalization on companies owned by Indians. Are they competing with the MNCs satisfactorily ? Discuss. [2013]

• Discuss the impact of FDI entry into Multi-trade retail sector on supply chain management in commodity trade pattern of the economy. [2013]

• Though India allowed Foreign Direct Investment (FDI) in what is called multi-brand retail through the joint venture route in September 2012, the FDI, even after a year, has not picked up. Discuss the reasons. [2013]