Hayat Ashraf

Industrial policy in India refers to the set of rules, regulations, and incentives formulated by the government to promote industrial development and regulate industrial activities in the country. Over the years, India has implemented various industrial policies to foster economic growth, attract investments, create employment opportunities, and enhance the competitiveness of industries. Here's an overview of industrial policy and industrial development in India: 1. Industrial Policy Resolution of 1948: The first industrial policy of independent India aimed at promoting the public sector and strategic industries. It emphasized state control and regulation of industries, focusing on self-sufficiency and import substitution. 2. Industrial Policy Resolution of 1956: This policy advocated for the establishment of a mixed economy, with a significant role for the public sector. It emphasized the development of basic and heavy industries, such as steel, mining, and energy, under state own...