Industrial Policy

Industrial Policy Resolution, 1948

  • The Indian economy was designated as a Mixed Economy.
  • Small-scale and cottage businesses were prioritised, and foreign investment was restricted.
  • Four categories were used to categorise industries.
  • Arms and ammunition, nuclear energy production, and railroad management are all under the sole control of the central government.
  • New projects are only undertaken by the government (coal, iron and steel, aircraft manufacturing, ship building, telegraph, telephone etc.)
  • Open to private industry, individuals, and cooperatives Industries that will be governed by the government (Industries of Basic Importance)

Industrial Policy Resolution, 1956

  • This policy laid down the basic framework of Industrial Policy.
  • This policy ....
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