2. INTRODUCTION
Economic role is basically concerned with the
economic development of the nation by framing
rules and regulations.
Government always plays a very important role
in the development of the economy.
In capitalist countries, government participation
was increased after the Great Economic
Depression in the 1930’s.
The most important roles of any Government
are Stability & Growth.
Economic role is basically concerned with the
economic development of the nation by framing
rules and regulations.
Government always plays a very important role
in the development of the economy.
In capitalist countries, government participation
was increased after the Great Economic
Depression in the 1930’s.
The most important roles of any Government
are Stability & Growth.
3. FACTORS DETERMINING THE NATURE OF ROLE OF
GOVERNMENT
Nature & stage of development of the
economy.
Behaviour of private sector.
Political Philosophy.
Social Attitudes.
Administrative Systems, etc
Nature & stage of development of the
economy.
Behaviour of private sector.
Political Philosophy.
Social Attitudes.
Administrative Systems, etc
5. GOVERNMENT’S ROLE AS REGULATOR OF
BUSINESS
Ensure the private investment and production in
the industry meets the socio-economic objectives
of the government.
Ensure the efficient use of resources and prevent
exploitation.
Restraints on private activities.
Control of monopoly & big business.
Development of public enterprises as an
alternative to private enterprises to ensure
competitive dualism.
Maintenance of a proper socio-economic
infrastructure.
Ensure the private investment and production in
the industry meets the socio-economic objectives
of the government.
Ensure the efficient use of resources and prevent
exploitation.
Restraints on private activities.
Control of monopoly & big business.
Development of public enterprises as an
alternative to private enterprises to ensure
competitive dualism.
Maintenance of a proper socio-economic
infrastructure.
6. GOVERNMENT’S ROLE AS PROMOTER OF
BUSINESS
Providing finance to the industry.(through
developmental banks etc.)
Granting incentives.
Creating infrastructural facilities for industrial
growth & investment.
Promoting development in No Industry Districts
Establishing District Industrial Centres for
assisting the development of small industries.
Providing finance to the industry.(through
developmental banks etc.)
Granting incentives.
Creating infrastructural facilities for industrial
growth & investment.
Promoting development in No Industry Districts
Establishing District Industrial Centres for
assisting the development of small industries.
7. GOVERNMENT’S ROLE AS AN ENTREPRENUER IN
BUSINESS
Mainly concerned with growth & development
of public industries.
Has earned the name of a “SOCIAL
ENTREPRENUER”
BSNL can be a best example for the above
stated term.
Mainly concerned with growth & development
of public industries.
Has earned the name of a “SOCIAL
ENTREPRENUER”
BSNL can be a best example for the above
stated term.
8. GOVERNMENT’S ROLE AS A PLANNER IN
BUSINESS
Indicating priorities through the Five Year Plans
for the sectoral allocation of resources.
Ensuring the equal distribution of scare
resources to all the sectors in order to avoid
clashes.
Indicating priorities through the Five Year Plans
for the sectoral allocation of resources.
Ensuring the equal distribution of scare
resources to all the sectors in order to avoid
clashes.
11. 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 affected
areas.
Kerala stands last in the poverty line.(We can be
proud of that)
Some reasons of poverty are:-
1. High Population Growth
2. Caste System
3. India’s economic policies
4. 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 affected
areas.
Kerala stands last in the poverty line.(We can be
proud of that)
Some reasons of poverty are:-
1. High Population Growth
2. Caste System
3. India’s economic policies
4. Liberalization and its effects
12. CONT.
REDUCING POVERTY
Employment opportunities
Agricultural Development
Primary Education & Good Infrastructural
Facilities
Poverty alleviation programs like National Rural
Employment Program, Rural Landless
Employment Guarantee Program, Jawahar
Rojgar Yojna etc
REDUCING POVERTY
Employment opportunities
Agricultural Development
Primary Education & Good Infrastructural
Facilities
Poverty alleviation programs like National Rural
Employment Program, Rural Landless
Employment Guarantee Program, Jawahar
Rojgar Yojna etc
14. CONT.
There are more than 6 crore well educated
youth in India who are unemployed.
Reasons for Unemployment:-
1.Rapid Population Growth
2. Defective Education System
3. Limited Land
4. Seasonal Agricultural
5. Outdated Agricultural Methods
6. Inadequate Employment Planning
There are more than 6 crore well educated
youth in India who are unemployed.
Reasons for Unemployment:-
1.Rapid Population Growth
2. Defective Education System
3. Limited Land
4. Seasonal Agricultural
5. Outdated Agricultural Methods
6. Inadequate Employment Planning
15. 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 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.
17. 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.
18. CONCLUSION
The main role which should be played by the
government is to do things which is not
presently done by any another bodies.
Develop the country with efficient private
participation.
Not just making reforms, but implementing it.
Finally protect investors and take up efficient
taxation policy.
The main role which should be played by the
government is to do things which is not
presently done by any another bodies.
Develop the country with efficient private
participation.
Not just making reforms, but implementing it.
Finally protect investors and take up efficient
taxation policy.
