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marketing

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Issue:

Business

 

Written by:

Lorenzo H

 

Date added:

July 18, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

17 / 4649

 

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2475 times

 

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India's leaders also believed that industrialization was the key to economic development. This belief was all the more convincing in India because of the country's large size, substantial natural resources, and desire to develop its own defense industries. The Industrial Policy Resolution of 1948 gave government a monopoly in armaments, atomic energy, and railroads, and exclusive rights to develop minerals, the iron and steel industries, aircraft manufacturing, shipbuilding, and manufacturing of telephone and telegraph equipment...
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Private companies operating in those fields were guaranteed at least ten years more of ownership before the government could take them over. Some still operate as private companies. The Industrial Policy Resolution of 1956 greatly extended the preserve of government. There were seventeen industries exclusively in the public sector...
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General issues of this essay:
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