THE IMPACT OF PUBLIC POLICY IN PROMOTING INNOVATION AND GROWTH IN INDIAN ELECTRONIC HARDWARE INDUSTRY

Abstract

The government of India has enacted a number of policies concerning hardware and electronics. As part of a new National Policy on Electronics, the Ministry of Electronics and Information Technology has suggested a "credit guarantee fund" (CGF) and a "interest subvention scheme" (ISS) to support the electronics manufacturing ecosystem. The study's primary objective is to examine how government initiatives in India's electronic and hardware industries have contributed to their development and innovation. The purpose of this study is to apply the frequency distribution and ANOVA test in order to examine the effect of government policies on India's electronic and hardware industry. This study looks at how government program have helped the electronics and hardware industries in India develop and advance. A total of 400 employees at two of India's leading electrical hardware companies were surveyed. Companies like Epos India Pvt. Ltd. and Globe capacitor Ltd. would be in charge of compiling statistics from the Indian electric hardware market. Information about government regulation of electronics and hardware was collected via questionnaire. The result of the study reveals that there is a impact of Public Policy in Promoting Innovation and Growth in Indian Electronic Hardware Industry