- The Industrial Policy Resolution of 1956 classified industries into three categories based on the role of the state, promoted the public sector, and emphasized the development of heavy industries. - While India had an earlier Industrial Policy Statement in 1948, the 1956 resolution is often referred to as the Industrial Policy Resolution in this context, building upon the 1948 policy and aligning with the Second Five-Year Plan's focus on industrialization.
In which year was the Industrial Policy Resolution adopted?
Asked in BPSC Prelims Exam 69th · Topic: Industrial Sector (Industrial Policy and its Evolution since Independence)
More Economic Development questions
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