Industrial Policy and Economic Reforms

Industrial policy refers to strategies and actions taken by governments to promote and support specific industries or sectors to enhance economic growth, competitiveness, and employment. It often includes measures like subsidies, tax incentives, and investment in infrastructure. Economic reforms, on the other hand, are changes made to improve the economic framework of a country, such as deregulation, trade liberalization, or tax reform. Together, industrial policy and economic reforms aim to create a favorable environment for businesses to thrive, attract investments, and ultimately improve the overall economic health of a nation.