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Which Industrial Policy Resolution gave the public sector a strategic role in the Indian economy?
Industrial Policy Resolution 1950
Industrial Policy Resolution 1948
Industrial Policy Resolution 1952
Industrial Policy Resolution 1956
None of the above
Industrial Policy Resolution 1956
The correct answer is Industrial Policy Resolution 1956 . Key Points The Industrial Policy Resolution of 1956 was a landmark policy that outlined the role of the public sector in India’s economy. It categorized industries into three schedule...
The correct answer is Industrial Policy Resolution 1956., which later influenced the 1956 resolution.
The focus was on addressing economic disparities and ensuring balanced regional development.
Industrial Policy Resolution 1952
This resolution is less notable compared to the 1948 and 1956 policies.
It involved minor adjustments to the existing industrial framework, emphasizing the role of small-scale industries in economic growth.
It paved the way for further expansion of the public sector, culminating in the comprehensive 1956 resolution.