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Regional equality was the main purpose of a) Industrial policy resolution,1956 b) new industrial policy,1991 c) Industrial policy resolution,1948 d) Industrial policy Statement,1980?
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Regional equality was the main purpose of a) Industrial policy resolut...
Regional Equality in Industrial Policies

Regional equality refers to the equal distribution of economic growth and development across different regions of a country. In India, the government has implemented various industrial policies to promote regional equality and reduce regional imbalances. The main purpose of these policies is to ensure that all regions of the country benefit from economic growth and development.

Industrial Policy Resolution, 1948

The Industrial Policy Resolution, 1948, was the first industrial policy of India, which aimed to promote the rapid development of industries in the country. The policy emphasized the need to establish a balanced regional development of industries to ensure that all regions of the country benefit from industrial growth.

Industrial Policy Resolution, 1956

The Industrial Policy Resolution, 1956, aimed to promote a socialist pattern of society and focused on the development of public sector industries. The policy emphasized the need to promote regional equality by establishing industries in backward regions of the country.

Industrial Policy Statement, 1980

The Industrial Policy Statement, 1980, aimed to promote the development of small-scale industries and emphasized the need to reduce regional imbalances by promoting industries in backward regions of the country.

New Industrial Policy, 1991

The New Industrial Policy, 1991, marked a significant shift in India's approach to industrial development. The policy focused on liberalization, privatization, and globalization of industries and aimed to promote economic growth and development across all regions of the country.

Conclusion

In conclusion, regional equality has been a central theme of India's industrial policies. The country has implemented various policies to promote regional development and reduce regional imbalances. These policies have emphasized the need to establish industries in backward regions of the country and promote the development of small-scale industries to ensure that all regions of the country benefit from economic growth and development.
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Read the following hypothetical text and answer the question that follow:The performance of the Indian economy during the period of first seven five-year plans (1950-1990) was satisfactory if not very impressive. On the eve of independence, India was an industrially backward country, but during this period of first seven plans our industries became far more diversified, with the stress being laid on the public investments in the industrial sector. The policy of import substitution led to protection of the domestic industries against the foreign producersbut we failed to promote a strong export surplus. Although public sector expanded to a large extent but it could not bring desired level of improvement in the secondary sector. Excessive government regulations prevented the natural trajectory of growth of entrepreneurship as there was no competition, no innovation and no modernization on the front of the industrial sector. Many Public Sector Undertakings (PSUs) incurred huge losses due to operational inefficiencies, red-tapism, poor technology and other similar reasons. These PSUs continued to function because it was difficult to close a government undertaking even it is a drain on country’s limited resources. On the Agricultural front, due to the measures taken under the Green Revolution, India more or less became self-sufficient in the production of food grains. So, the needs for reform of economic policy was widely felt in the context of changing global economic scenario to achieve desired growth in the country.Q. Mechanization of Indian agriculture was one of the causes of ___________ in India.

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Regional equality was the main purpose of a) Industrial policy resolution,1956 b) new industrial policy,1991 c) Industrial policy resolution,1948 d) Industrial policy Statement,1980?
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