Industrial Policy Resolution of 1948
The Industrial Policy Resolution of 1948 was a landmark policy document that was passed by the government of India on April 6, 1948. It was the first comprehensive statement of the government's policy towards industrial development in the country. The resolution laid out the broad objectives of the government's industrial policy and outlined the strategies that would be employed to achieve these objectives.

Objectives of the Industrial Policy Resolution
The Industrial Policy Resolution of 1948 had the following objectives:
- To accelerate the pace of industrialization in the country
- To promote the development of small-scale industries and cottage industries
- To ensure that industries were developed in a balanced manner across different regions of the country
- To promote the development of basic and heavy industries in the public sector
- To ensure that the private sector played a complementary role in the industrial development of the country

Strategies for achieving the objectives
To achieve the objectives laid out in the Industrial Policy Resolution of 1948, the government employed the following strategies:
- The government would set up industrial estates and provide infrastructure facilities such as power, water, and transportation to attract private investment in industry
- The government would promote the development of small-scale industries and cottage industries by providing them with credit, technical assistance, and marketing facilities
- The government would establish public sector enterprises in basic and heavy industries such as steel, power, and transport to provide a strong foundation for industrial development
- The government would regulate the growth of the private sector to ensure that it played a complementary role in the industrial development of the country

Impact of the Industrial Policy Resolution
The Industrial Policy Resolution of 1948 had a significant impact on the industrial development of India. It laid the foundation for the development of a mixed economy in the country, with both the public and private sectors playing important roles in industrial development. The policy led to the establishment of several public sector enterprises in key industries, which provided a strong foundation for industrial development. It also promoted the development of small-scale industries and cottage industries, which played an important role in providing employment and promoting rural development.