Q.1) “Industrial growth rate has lagged behind in the overall growth of Gross-Domestic-Product (GDP) in the post-reform period” Give reasons. How far the recent changes in Industrial Policy are capable of increasing the industrial growth rate? (15 marks)
Q.2) Normally countries shift from agriculture to industry and then later to services, but India shifted directly from agriculture to services. What are the reasons for the huge growth of services vis-a-vis industry in the country? Can India become a developed country without a strong industrial base? (15 marks)
Q.3) Examine the impact of liberalization on companies owned by Indian. Are the competing with the MNCs satisfactorily? (10 marks)