What are the critical appraisal of …
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Meghna Thapar 4 years, 9 months ago
The proportion of GDP contributed by the industrial sector increased in the period from 11.8 per cent in 1950-51 to 24.6 percent in 1990-91. The rise in the industry's share of GDP is an important indicator of development. The six per cent annual growth rate of the industrial sector during the period is commendable. This policy envisaged mixed economy wherein public and private sector would coexist. It underlined the need for increased state participation in industrial progress. It called for assistance to small-scale industries and welcomed foreign capital.
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