Hayat Ashraf

Since Independence, India has witnessed significant industrial development across various sectors. Here are some key aspects of industrial development in India: 1. Industrial Policy Reforms: The Indian government introduced industrial policy reforms to promote industrialization and economic growth. The Industrial Policy Resolution of 1948 and subsequent policies aimed to foster a mixed economy, encourage private investment, and protect domestic industries. 2. Public Sector Enterprises: The government established public sector enterprises (PSEs) to drive industrial development and support strategic sectors of the economy. Industries such as steel, heavy machinery, petroleum, telecommunications, and defense witnessed the establishment of major PSEs, contributing to industrial growth and employment generation. 3. Liberalization and Privatization: In the 1990s, India implemented economic reforms that liberalized the industrial sector and opened up the economy to foreign investment. Privati...