Hayat Ashraf

Since Independence, India has implemented several industrial policies to guide the country's economic development and promote industrialization. These industrial policies have evolved over time in response to changing economic conditions and policy priorities. Here is an overview of the major industrial policies since Independence: 1. Industrial Policy Resolution of 1948: This was the first comprehensive industrial policy announced by the government of India shortly after Independence. It aimed to promote industrialization, achieve self-sufficiency, and reduce dependence on imports. The policy emphasized the development of small-scale industries, state participation in key sectors, and protection of domestic industries through licensing and control mechanisms. 2. Industrial Policy Resolution of 1956: This policy laid the foundation for the public sector's role in industrial development. It advocated for a mixed economy, with the state playing a leading role in strategic industr...