State the salient features of 1956 Industrial Policy Resolution. How far the
The Industrial Policy Resolution of 1956 was a landmark document in India's economic history, which laid down the framework for the country's industrial development strategy. It was formulated against the backdrop of post-independence economic challenges and aimed to promote rapid industrialization with a focus on achieving self-reliance and balanced regional development. The salient features of the 1956 Industrial Policy Resolution are as follows:
1. Public Sector Dominance: One of the key features of the 1956 Industrial Policy was the emphasis on the public sector's role in industrial development. The resolution advocated for the establishment of a large public sector, particularly in core and strategic industries, such as steel, heavy machinery, and infrastructure. The government __________ ________ _____ __________ ______ ______ __________ __________ __________.
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