In what ways do industry and business associations contribute to socio-economic development in the country? Explain with suitable examples.
Introduction
The industry and business association constitutes the nemesis who promote specific interest of industrial aspiration and want to get them solved via involvement with government.
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Main Body
Contribution to socio-economic development: 1. Ensuring government policy for ease of doing business (e.g. Jan Vishwas Act 2023) 2. Representation of interest group in governance (e.g. SHG-Bank linkage programme) 3. Caste based association (e.g. DICCI for Dalit)
Role in distributive justice: 1) Implementation of corporate social responsibility CSR - People, Planet, Profit 2) Environment, Social, Governance ESG compliance for inclusive growth. 3) Promoting ethical governance via participation of workers and trade union in management of industries (article 43). Challenges: 1. Pressure group with narrow interest 2. Profit orientation 3. Exploitation of labour market
Conclusion
Business association can be a key for better private participation in Virat Bharat 2047
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Diagram
A mind map with 'Contribution to socio-economic development' as the central node, with three branches pointing to: 1) Ensuring government policy for ease of doing business (e.g. Jan Vishwas Act 2023), 2) Representation of interest group in governance (e.g. SHG-Bank linkage programme), 3) Caste based association (e.g. DICCI for Dalit)
UJJWAL PRIYANK
Development Processes - Role of NGOs, SHGs, Donors, and other Stakeholders
Roles of NGOs, Organizations
Industry and Business Associations
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Paragraphs
formal
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