Policies and acts both are very important mechanisms for economic development. Without implementation of certain policies and acts precise development is impossible. Among the economic sectors manufacturing needs specific rules and regulations. On the eve of independence India experienced a lopsided industrial development. Industrial activities were flourishing mainly in the textile group with a very weak infrastructure due to lack of colonial rulers’ initiatives to promote indigenous industries. The first government intervention was made in independent India in 1948 by adoption of the Industrial Policy Resolution. In this article, government policies, acts and industrial reconstruction has been highlighted.
Key words: Government, Policies, Acts, Industrial, Reconstruction
|
