Since Independence in 1947, the domestic manufacturing sector has travelled from building the country’s industrial foundation (19501960s) to the licence-permit raj (1965-1980s) and liberalisation in the 1990s to the current phase of striving for global competitiveness. Manufacturing now contributes around 17 per cent to India’s GDP and employs around 20 per cent of the country’s workforce.
After the IT and telecom revolution in the late 1980s came liberalisation in 1991, when then PM P.V. Narasimha Rao and his finance minister Manmohan Singh took several measures to abolish the Licence Raj. Trade was liberalised and extensive reforms taken up in the financial sector.
Denne historien er fra August 29, 2022-utgaven av India Today.
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Denne historien er fra August 29, 2022-utgaven av India Today.
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WIZARD OF WORDS
Padma Shri-awardee Prasoon Joshi on his foray into theatre with his first musical Rajadhiraaj: Love, Life, Leela, and more
THE E-COM UPRISING
From apparel to electronics, e-commerce platforms have opened a whole new world for the Indian customer from the comfort of her home
GETTING THE BEST PRICE
A national online marketplace, eNAM is a boon for farmers burdened by low prices for their produce
ON THE FAST TRACK
Travel turns seamless as FASTag, a small sticker on your car, opens up toll gateways
EVERY DROP COUNTS
With India becoming a water-stressed nation, the drip irrigation drive has brought rich dividends to farmers, enhancing yields and earnings
A QUICK PASSAGE
The digitised sytem for applications at Passport Seva Kendras has made the process of issuing everyone's essential travel document quick and efficient
A ROOF FOR ALL
The Centre’s programme of housing for the poor has brought security and dignity to millions in the villages
THE EASY RIDE
A paperless, largely online system of issuing driving licences has made touts and endless queues history in West Bengal and brought in much-needed convenience and transparency
SPEED MEETS COMFORT
With the indigenously made Vande Bharat Express, India has revolutionised train travel—it’s faster, convenient and more efficient than ever
THE MOBILE ADVANTAGE
Cheap handsets, internet penetration and affordable data have placed a mobile phone in almost every hand in the country
