Over 100 and counting: Govt policies for industrial sector
In contrast, there are less than 10 policies for the services sector, the mainstay of the Indian economy, which accounts for almost 64 per cent of the GDP (2011-12).
Senior government officials chanced upon the huge number of policies for the industrial sector while they were crafting another policy — the National Manufacturing Investment Zone.
The proliferation of policies in recent years is because many ministries use each Budget and foreign trade policies to announce fresh policies without terminating the earlier ones. Budget 2013-14 is set to be presented to Parliament on Thursday. The other gate for inflow of policies for the industrial sector is the state budgets.
* Just on foreign direct investment, there were 11 policy statements issued by several government departments in 2012, excluding the overarching policy circular released in the same year.
* There are six policies for handling explosives, including the Explosives Act of 1884.
* The Salt Cess Act of 1953 still continues in the books.
The huge number of policies at the Centre (see chart) includes those for exports, agricultural and food promotion like agro processing zone schemes, mega food parks and so on, apart from focus product schemes under the foreign trade policy.
In addition, there are special
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