Industrial Sickness in India: Meaning, Causes and Suggested Remedies! Meaning: One of the adverse trends observable in the corporate private sector of India is the growing incidence of sickness. It is causing considerable concern to planners and policymakers. It is also putting a severe strain on the economic system, particularly on the banks. There are various criteria of sickness. According [...]
Let us make in-depth study of the policy measures and reserve bank guidelines for checking industrial sickness. Policy Measures: The Government has initiated a number of measures for the revival of the sick industrial units as well as to prevent the incidence of industrial sickness. The policy measures are as follows: 1. In October 1981, the Government announced guidelines to [...]
Let us make in-depth study of the meaning, incidence, nature, factors causing of industrial sickness. Meaning of Industrial Sickness: The strength of the industrial sector, by and large, determines the soundness of the economy. A developing economy like India cannot afford the growing sickness in industries as it results in a colossal wastage of physical, financial and human resources. In [...]