economic role of government in indian business
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ECONOMIC ROLE OFGOVERNMENT
ININDIAN BUSINESS
ECONOMIC ROLE OFGOVERNMENT
ININDIAN BUSINESS
George V James
INTRODUCTION
Economic role is basically concerned with theeconomic development of the nation by framingrules and regulations.
Government always plays a very important rolein the development of the economy.
In capitalist countries, government participationwas increased after the Great EconomicDepression in the 1930’s.
The most important roles of any Governmentare Stability & Growth.
Economic role is basically concerned with theeconomic development of the nation by framingrules and regulations.
Government always plays a very important rolein the development of the economy.
In capitalist countries, government participationwas increased after the Great EconomicDepression in the 1930’s.
The most important roles of any Governmentare Stability & Growth.
FACTORS DETERMINING THE NATURE OF ROLE OFGOVERNMENT
Nature & stage of development of theeconomy.
Behaviour of private sector. Political Philosophy. Social Attitudes. Administrative Systems, etc
Nature & stage of development of theeconomy.
Behaviour of private sector. Political Philosophy. Social Attitudes. Administrative Systems, etc
ROLE OF GOVERNMENT
GOVERNMENTREGULATIONREGULATION
PROMOTION ENTREPRENUERSHIPPROMOTION ENTREPRENUERSHIP
BUSINESS/ECONOMY
GOVERNMENT’S ROLE AS REGULATOR OFBUSINESS
Ensure the private investment and production inthe industry meets the socio-economic objectivesof the government.Ensure the efficient use of resources and preventexploitation.Restraints on private activities.Control of monopoly & big business.Development of public enterprises as analternative to private enterprises to ensurecompetitive dualism.Maintenance of a proper socio-economicinfrastructure.
Ensure the private investment and production inthe industry meets the socio-economic objectivesof the government.Ensure the efficient use of resources and preventexploitation.Restraints on private activities.Control of monopoly & big business.Development of public enterprises as analternative to private enterprises to ensurecompetitive dualism.Maintenance of a proper socio-economicinfrastructure.
GOVERNMENT’S ROLE AS PROMOTER OFBUSINESS
Providing finance to the industry.(throughdevelopmental banks etc.)Granting incentives.Creating infrastructural facilities for industrialgrowth & investment.Promoting development in No Industry DistrictsEstablishing District Industrial Centres forassisting the development of small industries.
Providing finance to the industry.(throughdevelopmental banks etc.)Granting incentives.Creating infrastructural facilities for industrialgrowth & investment.Promoting development in No Industry DistrictsEstablishing District Industrial Centres forassisting the development of small industries.
GOVERNMENT’S ROLE AS AN ENTREPRENUER INBUSINESS
Mainly concerned with growth & developmentof public industries.
Has earned the name of a “SOCIALENTREPRENUER”
BSNL can be a best example for the abovestated term.
Mainly concerned with growth & developmentof public industries.
Has earned the name of a “SOCIALENTREPRENUER”
BSNL can be a best example for the abovestated term.
GOVERNMENT’S ROLE AS A PLANNER INBUSINESS
Indicating priorities through the Five Year Plansfor the sectoral allocation of resources.
Ensuring the equal distribution of scareresources to all the sectors in order to avoidclashes.
Indicating priorities through the Five Year Plansfor the sectoral allocation of resources.
Ensuring the equal distribution of scareresources to all the sectors in order to avoidclashes.
GOVERNMENT’S ROLEREDEFINED
POVERTY UNEMPLOYMENT INRASTRUCTURAL FACILITIES
POVERTY UNEMPLOYMENT INRASTRUCTURAL FACILITIES
POVERTY IN INDIA
CONT. India is said to have a 3rd of the world’s poor. 37% of Indian Population is below the poverty
line.(BPL) Kalahandi, Bolangir & Koraputh( Known as KBK
Districts in Odisha) are the most poverty affectedareas.
Kerala stands last in the poverty line.(We can beproud of that)
Some reasons of poverty are:-1. High Population Growth2. Caste System3. India’s economic policies4. Liberalization and its effects
India is said to have a 3rd of the world’s poor. 37% of Indian Population is below the poverty
line.(BPL) Kalahandi, Bolangir & Koraputh( Known as KBK
Districts in Odisha) are the most poverty affectedareas.
Kerala stands last in the poverty line.(We can beproud of that)
Some reasons of poverty are:-1. High Population Growth2. Caste System3. India’s economic policies4. Liberalization and its effects
CONT.REDUCING POVERTY
Employment opportunities Agricultural Development Primary Education & Good Infrastructural
Facilities Poverty alleviation programs like National Rural
Employment Program, Rural LandlessEmployment Guarantee Program, JawaharRojgar Yojna etc
REDUCING POVERTY Employment opportunities Agricultural Development Primary Education & Good Infrastructural
Facilities Poverty alleviation programs like National Rural
Employment Program, Rural LandlessEmployment Guarantee Program, JawaharRojgar Yojna etc
UNEMPLOYMENT
CONT. There are more than 6 crore well educated
youth in India who are unemployed. Reasons for Unemployment:-
1.Rapid Population Growth2. Defective Education System3. Limited Land4. Seasonal Agricultural5. Outdated Agricultural Methods6. Inadequate Employment Planning
There are more than 6 crore well educatedyouth in India who are unemployed.
Reasons for Unemployment:-1.Rapid Population Growth2. Defective Education System3. Limited Land4. Seasonal Agricultural5. Outdated Agricultural Methods6. Inadequate Employment Planning
CONT.Strategies undertaken by Government to reduce
Unemployment in India
Heavy Investment in Basic Industries. Development of Cottage & Small-scale Industries. Change in Educational System. Checking of Population Explosion. Modernization of Agriculture. Introduction of Rural Works Programmes. Developing Infrastructure. Subsidies to Private Sector. Stress on Self-employment.
Strategies undertaken by Government to reduceUnemployment in India
Heavy Investment in Basic Industries. Development of Cottage & Small-scale Industries. Change in Educational System. Checking of Population Explosion. Modernization of Agriculture. Introduction of Rural Works Programmes. Developing Infrastructure. Subsidies to Private Sector. Stress on Self-employment.
INFRASTRUCTURALDEVELOPMENT
CONT.
Infrastructure can be divided into 2 types:- Economic Infrastructure Social Infrastructure
examples:-Bharat Nirman,BOT Scheme.
Infrastructure can be divided into 2 types:- Economic Infrastructure Social Infrastructure
examples:-Bharat Nirman,BOT Scheme.
CONCLUSION The main role which should be played by the
government is to do things which is notpresently done by any another bodies.
Develop the country with efficient privateparticipation.
Not just making reforms, but implementing it. Finally protect investors and take up efficient
taxation policy.
The main role which should be played by thegovernment is to do things which is notpresently done by any another bodies.
Develop the country with efficient privateparticipation.
Not just making reforms, but implementing it. Finally protect investors and take up efficient
taxation policy.
REFERENCES
Business Environment & PolicyWikipedia.com Preservearticles.com Planningcommission.nic.in
Business Environment & PolicyWikipedia.com Preservearticles.com Planningcommission.nic.in