Question

Assess the Industrial Policy of 1956 and explain how Schedule A, B and C are different from one another.

19 Apr 2025
Answer :
Word Count : 532

The Industrial Policy of 1956 was a landmark in shaping India’s economic structure, particularly in the context of a mixed economy model. It built upon the Industrial Policy of 1948, but provided a clearer framework for industrial development in line with the objectives of the Second Five-Year Plan, which emphasized rapid industrialization and state-led economic growth. The policy was aimed at creating a socialistic pattern of society by enhancing the role of the public sector and regulating the expansion of the private sector. It was formulated in the _______ ___ ____ _________ ________ _________ __________ _______ _________ ______ __________ ______.
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