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Explain the role and importance of small scale industries in Indian Economy.
Introduction: Industries are broadly divided as large scale and small scale industries on the basis of sizes, capital resources and labor force of individual unit. The small scale industries include the cottage or village industries. The fiscal commission in 1950 defined the cottage and small scale industries as follows “a small scale industry is one…
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Briefly explain the Industrial policy 1991.
Introduction: The Industrial Policy of 1991 was a landmark reform in India’s economic policy, marking a shift from protectionism and government control to liberalization, privatization, and globalization. Announced on July 24, 1991, by then-Finance Minister Dr. Manmohan Singh under the leadership of Prime Minister P.V. Narasimha Rao, this policy aimed to dissolve the License method,…
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Explain the Industrial policy 1956 of India.
Introduction: Industrial policy is a statement of the government which contains guidelines for the establishment and development of new industries and controls and regulation for the working and the management of the existing industries. The first industrial policy resolution was issued by the government of India on April 6 1948. Industrial policy resolution 1956 salient…
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What is Industrialization. Explain the importance of Industrialization in India.
Meaning: Industrialization is a process of manufacturing consumer goods and capital goods and of building infrastructure in order to provide goods and services to both individuals and business. As such industrialization performs a great part in economic development. It helps to increase the share of industrial sector in the national product and labor force in…
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Summarize the extent of unemployment in India.
Introduction: The extent of unemployment refers to the scale and impact of unemployment within a country. It is measured by the unemployment rate, which indicates the percentage of the labor force that is actively seeking but unable to find work. The extent of unemployment is differ widely based on many factors like economic conditions, population…
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Explain the types of unemployment.
Introduction: It is a situation characterized by the existence of those able bodied person who are willing to work but have to do without a job that may yield them some regular income. Unemployment may be defined as a state of affairs in a country where there are large number of able bodied persons of…
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Explain the sources of agricultural finance.
Introduction: Agricultural finance refers to the provision and management of financial services and products that are specifically designed to support agricultural activities. It includes a wide range of financial tools such as loans, credit, insurance, savings, and investment aimed at farmers, agribusinesses, and other entities involved in agricultural production and distribution. The sources of agricultural…
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What is Irrigation? explain the irrigational development in India.
Introduction: Irrigation refers to the artificial application of water to land to assist in the growth of crops. It is a difficult to do agricultural practice, especially in areas where rainfall is insufficient or irregular, allowing farmers to maintain soil moisture and support plant growth. The irrigational development in India. Irrigation is everything in rural…
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Explain the defects of agricultural marketing in India.
Introduction: Marketing of agriculture produce is called agriculture marketing. Marketing is a process of bringing together the producers and the buyer and his essential to complete the process of production marketing of agriculture produces arises with the commercial agriculture and marketable surplus .Indian farmers now produce not only food crops like rice and wheat but…
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Explain the measures to improve agricultural marketing in India.
Introduction: Marketing of agriculture produce is called agriculture marketing. Marketing is a process of bringing together the producers and the buyer and his essential to complete the process of production marketing of agriculture produces arises with the commercial agriculture and marketable surplus .Indian farmers now produce not only food crops like rice and wheat but…