Industrial Policy



Revolution of industry has become very indispensable for the economic growth of a country. Countries like China, USA, Japan etc, have initiated new policy for industrial revolution. Within Indian economy, agricultural and small businesses have acquired a great position for developing the nation. Government invests capital on agricultural for growing productivity and also on ease of doing businesses. but if we look over the economic growth of China, we can notice, the major GDP growth comes from industrial revolution policy. India, therefore, needs to intervene on its new industry sector and bring down new policy for manufacturing its indigenous goods. Recently, India's recognized IITs have been given permission for buying their electronic devices from abroad, but economists suggest India needs to change this policy also within 2 years unless indigenous production will go in vain. 


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