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Which industrial policy statement/resolution had the Gandhian socialistic views?
  • a)
    Industrial Policy Statement 1980
  • b)
    Industrial Policy Resolution 1956
  • c)
    Industrial Policy Statement 1986
  • d)
    Industrial Policy Statement 1977
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
Which industrial policy statement/resolution had the Gandhian sociali...
The Industrial Policy Statement of 1977 was chalked out by a different political set up from the past with a different political fervour-the dominant voice in the government was having an anti-Indira stance with an inclination towards the Gandhian-socialistic views towards the economy.
Community Answer
Which industrial policy statement/resolution had the Gandhian sociali...
Industrial Policy Statement 1977
The Industrial Policy Statement of 1977 was influenced by Gandhian socialistic views. This policy aimed at promoting the growth of industries while ensuring social justice and welfare of the people.
Gandhian Socialistic Views
- Mahatma Gandhi believed in the welfare of all sections of society, particularly the marginalized and underprivileged.
- He emphasized the importance of decentralized and small-scale industries to promote self-reliance and equality.
Main Features of Industrial Policy Statement 1977
- Promotion of small-scale industries: The policy focused on the development of small-scale industries to generate employment and reduce regional imbalances.
- Import substitution: The policy aimed at reducing dependence on imports by promoting domestic production.
- Public sector expansion: The government took steps to strengthen the public sector and ensure its role in key industries.
- Social welfare: The policy emphasized the welfare of workers and their participation in decision-making processes.
Impacts of the Policy
- The Industrial Policy Statement of 1977 led to the growth of small-scale industries and employment generation in rural areas.
- It helped in reducing the country's dependence on imports and promoted self-sufficiency in various sectors.
- The policy laid the foundation for a mixed economy with a focus on social justice and welfare.
In conclusion, the Industrial Policy Statement of 1977 reflected Gandhian socialistic views by emphasizing the welfare of all sections of society and promoting decentralized and small-scale industries for inclusive growth.
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Industrial Policy Resolution 1956 (IPR 1956): In accordance with the goal of the state controlling the commanding heights of the economy, the Industrial Policy Resolution of 1956 was adopted. This resolution formed the basis of the Second Five Year Plan, the plan which tried to build the basis for a socialist pattern of society. This resolution classified industries into three categories. Consider the following statement regarding it.1. The first category comprised industries which would be exclusively owned by the state2. The second category consisted of industries in which the private sector could supplement the efforts of the state sector, with the state taking the sole responsibility for starting new units3. The third category consisted of the remaining industries which were to be in the private sectorWhich of the statements is/are correct?

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Which industrial policy statement/resolution had the Gandhian socialistic views?a) Industrial Policy Statement 1980b) Industrial Policy Resolution 1956c) Industrial Policy Statement 1986d) Industrial Policy Statement 1977Correct answer is option 'D'. Can you explain this answer?
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