Right Economic policies at the right time ,adapted by Indian Government .The government of India from time to time has taken up various policies to solve the economic Issues. The economic problems can be classified under many heads like unemployment , agricultural issues, industrial problems, etc. To eradicate these problems various policies were adopted at different times. The most people in India complain for not being able to get proper food. The reason is nothing but lack of income which had risen from unemployment and which is again connected with faulty agricultural system and industrial policies.
Unemployment has been an everlasting problem in India since pre-Independence period. However, after the end of the British regime, the government of India took up various policies to eradicate the problem of unemployment. Of the some famous policies, Jawahar Rozgar Yojana (JRY) is one. During the Seventh Five Year Plan period, this scheme was launched. Its main objective was to create employment among the under employed and unemployed population of the villages. In rural areas, the standard of living is quite low. This plan aimed at improving the quality of life of the village folks.
In 1993-94, Prime Ministerís Rozgar Yojana (PMRY) was launched to increase the employment opportunities in the urban centers. It was aimed to give employment to one million and more people. The procedure to generate employment was the setting up of seven lakh small enterprises. This was done during the Eight Five Year Plan.
In the field of industry, the biggest policy taken up by the Government of India was the Industrial Policy in 1991. It was done in order to liberalize the economy. Industrial licensing was abolished in this policy. However, certain industry still needed permit. Some of them were coal and lignite, petroleum, motor cars, industrial explosives, chemicals, etc. This was done in order to strengthen the competitiveness of the Indian industries.