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In the industrial policy resolution _____ the Government of India has specified the approach towards development of the industrial sector.

  • a)
    1948 

  • b)
    1956

  • c)
    1932

  • d)
    2009

Correct answer is option 'A'. Can you explain this answer?
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In the industrial policy resolution _____ the Government of India has ...
In the Industrial Policy Resolution 1948, the Government of India had specified the approach towards development of  the industrial sector. The roles of the private and public sector were clearly defined and the government through various Acts and Regulations was overseeing the economic activities of both the private and public sector.
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In the industrial policy resolution _____ the Government of India has ...
The correct answer is option 'A' - 1948.

Explanation:
The industrial policy resolution of 1948 was a significant policy document introduced by the Government of India. This resolution marked a crucial shift in India's industrial development strategy and laid the foundation for the country's industrial growth and economic planning.

The key objectives of the 1948 industrial policy resolution were as follows:

1. Balanced Industrial Development: The policy aimed to promote balanced industrial development across different regions of the country. It emphasized the need to reduce regional disparities and ensure that industries were established in both backward and advanced regions.

2. Public Sector Dominance: The resolution emphasized the role of the public sector in industrial development. It advocated for the establishment of public sector enterprises to lead the industrialization process and ensure equitable distribution of resources.

3. Regulation of Private Sector: The policy recognized the importance of the private sector in industrial growth but also emphasized the need for regulation. It sought to prevent concentration of economic power and promote fair competition by implementing appropriate regulations.

4. Protection of Small Scale Industries: The policy emphasized the protection and promotion of small-scale industries. It recognized the importance of these industries in generating employment and promoting entrepreneurship.

5. Import Substitution: The industrial policy resolution of 1948 focused on import substitution as a strategy for industrial development. It aimed to reduce dependence on imports by encouraging domestic production of goods and promoting self-reliance.

6. Labour Welfare: The resolution also highlighted the importance of providing social security and welfare measures for industrial workers. It aimed to improve working conditions, ensure fair wages, and protect workers' rights.

The industrial policy resolution of 1948 laid the groundwork for subsequent industrial policies in India, including the landmark industrial policy of 1956. It set the tone for the planned development of industries and the role of the public and private sectors in India's industrialization process.

Overall, the 1948 industrial policy resolution played a crucial role in shaping India's industrial sector by promoting balanced development, encouraging public sector dominance, protecting small-scale industries, and emphasizing social welfare measures for industrial workers.
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In the industrial policy resolution _____ the Government of India has ...
Industrial sector is the base of our country then approach toward development is specifically correct industrial sector cotrubutes in national income of country .so industrial sector needs to be develop.
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In the industrial policy resolution _____ the Government of India has specified the approach towards development of the industrial sector.a)1948b)1956c)1932d)2009Correct answer is option 'A'. Can you explain this answer?
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