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Published Paper Details:
Impact of Fiscal Incentives on Industrial Growth in Northeast India "
Authors
Dr.Mahesh Despande,Asst.Prof.Sushma Ranjan
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Keywords
Keywords: India, Central Government, industrial, incentives, north east region, improvement, employment, Investments.
Abstract
The North-east region of India, comprising Arunachal Pradesh, Assam, Manipur, Meghalaya, Nagaland, Sikkim, and Tripura, shares international borders with China, Bangladesh, Bhutan, Nepal, and Myanmar. This paper delves into the policies implemented by the Government of India and accepted by the North-eastern state governments to foster regional development. The focus is on various sectors, including industrialization, agro-industry, farming, transportation, employment, and the overall economy. These initiatives are driven by state-level administration, highlighting the importance of local participation.
Since 1971, the North Eastern region has been under the purview of the North Eastern Council (NEC), an instrumental organization for coordinating development efforts in the region. The Government of India has also dedicated a special ministry to emphasize its commitment to the area's growth. Financial grants are allocated to all eight North-eastern states to support development projects.
This paper reviews the incentives provided by the Central Government, analysing the evolution of the business landscape over the past two decades. It examines the region's role in revenue generation, explores tax incentives, and encourages investment by both public and private authorities. A central focus of this study is local employability, underscoring the need for job creation and economic opportunities for the region's residents.
The North-eastern region of India, with its diverse cultures and abundant resources, presents a unique set of challenges and opportunities. Effective policy implementation, intergovernmental coordination, and private sector engagement will be crucial in realizing the sustainable economic and social development of this region.
IJCRT's Publication Details
Unique Identification Number - IJCRT2310293
Paper ID - 245127
Author type - Indian Author
Page Number(s) - c621-c627
Pubished in - Volume 11 | Issue 10 | October 2023
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No Of Downloads - 77
Author Country - India, 411057, pune, pune, 411057, Commerce and Management, MBA All Branch
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Dr.Mahesh Despande,Asst.Prof.Sushma Ranjan, "Impact of Fiscal Incentives on Industrial Growth in Northeast India "", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.11, Issue 10, pp.c621-c627, October 2023, Available at :http://www.ijcrt.org/papers/IJCRT2310293.pdf
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