Online Industrial Policy Assignment Help
A Brief Introduction to Industrial Policy
Industrial policy is basically an agreement or a formal declaration that are usually made by the government. It is an agreement where the general policies of industries are outlined. It is also denoted by IP in short and it may differ from country to country. It is a policy that generally encourages the development and growth of the manufacturing sector as well as some other sectors too. With this industrial policy, the Government aims to improve the competitiveness and capabilities that every domestic firm or company of the country possess. Thus, with the help of industrial policy agreement, it is also possible to promote structural transformation. Making an assignment of Industrial policy can become a complicated task. So, BookMyEssay has come up with Industrial Policy assignment help online which is very helpful for students. They can avail the essay homework help for Industrial Policy topic at any point in time.
Needs and Importance of Industrial Policy
The following are various necessities and importance of Industrial policy:
- Deploying the natural resource of a country: Industrial policy is very essential for deploying the natural resources of the country. With the help of industrial policy, it is possible to identify, collect as well as use the natural resource of the country. Thus with the help of industrial policy, it is possible to increase the national income of the country.
- Â Augmenting the industrial production of a country: one of the major aims of industrial policy is to augment the industrial production of the country. With the help of industrial policy, it is possible to provide the impetus that will help in the rapid development of the industries of the country. Thus, industrial policy has a great role in the industrial growth of a country.
- Promoting modernization: Industrial policy has a great role in promoting modernization of industries. As a result, it helps to increase the output and the productivity of the industry. Industrial policy, therefore, helps in facilitating the maximum output of the industry at a minimum cost.
- Balancing the industrial development: It is very important to have balanced growth throughout the country. The industrial policy helps in achieving the balanced growth. It can envisage the balanced development of the industry throughout the country which helps in maintaining the balanced development among the various sectors of the country.
- Balancing the regional development: Industrial policy not only helps in balancing the industrial development, it also promotes in balancing the regional development of the country. In Industrial policy, there may be various provisions that facilitate the rapid development of the backward region of the country. Thus, Industrial policy helps a country in promote industries in the backward areas of a country and thereby helps in the overall growth of the country.
- Maintaining coordination between small and large scale industries: Another most important thing that is very essential for every country is to maintain the relationship between the large as well as small-scale industries. Industrial Policy is very essential for maintaining the coordination between small and large scale industries. This is very important because both the large scale and small scale industry can mutually help each other and can grow with each other’s support.
- Maintaining coordination between basic and consumer industries: For attaining the economic growth of the country it is also very essential that the balanced development of the basic and consumer industries is maintained very well. The industrial policy helps in encouraging the development of basic and consumer industries and has certain policies which help to maintain a balance between the basic and consumer industries.
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