A Review of India's Industrial Policy and Performance

When India’s industrial policy chronicle is reviewed, it is found that the country has mainly followed three regimes after independence. These are the planned or controlled period till the end of the 1970s, the limited liberalization period of the 1980s and the post-reform period beginning in early 1990s. It is seen that the performance of the industrial sector as a whole coupled with the manufacturing sector has witnessed substantial growth in terms of output after the 1980s, which further stabilized in the 1990s. However, mining and quarrying as well as electricity, gas and water supply sectors of industry have decelerated in the post-reform period. URL:[http://www.mu.ac.in/arts/social_science/eco/pdfs/depart/dwp56.pdf].