Indian Economy
In India, the second largest provider of employment after agriculture is

Iron and Steel Sector
Telecommunication sector
Chemical Sector
Textile Sector

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to reduce the freedom given to banks to rationalize their existing branch network
to govern entry of new private sector banks to make the banking sector more competitive
to setup more foreign exchange banks
to lend more easily for industrial development

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Indian Economy
Subsidies mean

payment by government for purchase of goods and services
payment made by the government to business enterprises, without buying any goods and services
payment made by business enterprises to factors of production
payment made by companies to shareholders

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