Congress initiated liberalisation in 1991 with a new Industrial Policy. Taking note of the changes in the global economy and the Indian economy, Congress promises another radical, forward-looking Industrial Policy. The BJP Government mouths empty slogans. Its record is dismal in terms of the growth rate of Industry sector GVA and gross capital formation in the Industry sector. Congress promises to reverse these disappointing trends.
Congress promises to increase the share of India’s manufacturing sector from the current level of 16 per cent of GDP to 25 per cent within a period of 5 years and to make India a manufacturing