Topic 7.3 · Economy · Industry

MSME & Industrial Corridors

MSME & Industrial Corridors is studied as part of "Industry" (Sectors & Development) in Economy. Industrial policy from 1956 to the liberalisation of 1991 has reshaped Indian industry — from licence raj to Atmanirbhar Bharat.

In the examination context, msme & industrial corridors carries conceptual questions that test both factual recall and analytical understanding. Revise this topic in sequence with the rest of the chapter so that chronological and thematic links are clear.

Important Facts

MSME: Micro, small & medium enterprises
Make in India: Launched 2014 to boost manufacturing
Industrial Policy 1956: Two-tier — public and private sectors
1991: Industrial de-licensing began

Key Points

Industrial Policy 1956 — Two-tier — public and private sectors
1991 — Industrial de-licensing began
MSME — Micro, small & medium enterprises
Make in India — Launched 2014 to boost manufacturing

Important Names

Manmohan SinghJ.R.D. TataV.P. Singh

Important Dates

2014	Make in India launched
1956	Industrial Policy Resolution
1991	New Industrial Policy — liberalisation

Exam-Oriented Notes

»1991 reforms dismantled the licence-permit raj. Public sector divestment and 'Atmanirbhar Bharat' are current trends.