1)What exactly is Modi's 'Development Model?' How is it different from the economic policies, pursued by Manmohan Singh?

2)How can economic policies be used to discourage investing and profiting from industries that create harmful side effects for large numbers of people?

1)There is nothing new in Modi's Development Model such that the policies of Modi's government are the same as the congress government had to follow. There are only new names of policies which have been given by the Modi's government. When the Modi's government was in the opposition then they criticized various policies that were introduced by the UPA government. Now, the NDA government is in power and they are following the same policy as the congress followed the same. But the several success has been made by the NDA government as the innovative policy taken out by the Modi's government.

2)

Industries emitting harmful gases and waste in the environment cause several damages to a large number of people. The economic policies of the government can reduce the investment and profits of these industries to protect a large number of individuals. The policy of putting a limit or tax on the emission of harmful gases will protect people from pollutants. The government should compel these industries to set up various technologies which will reduce the emission. The implementation of this policy will force certain firms to leave the market.

Various industries overexploit the resources in the environment and destruct the forests. These activities lead to an increase in global warming. The government can impose restrictions on cutting trees to limit the destruction caused by the industries.