The Industrial Policy Resolution, 1948 mainly categorised the large-scale industries into __________ fragments.

Key Points

• The Industrial Policy Resolution of 1948 categorized large-scale industries into four main fragments.
• This policy was the first comprehensive industrial policy statement by the Government of India, aiming to lay down the pattern of industrial development.
• The four categories were: industries with exclusive state monopoly, basic and strategic industries, industries requiring regulation and control, and other industries.
• This categorization was intended to balance the roles of the public and private sectors in the industrial development of the country.
• The resolution was a significant step in outlining the government's approach to industrial development in post-independence India.

Additional Information

• The Industrial Policy Resolution, 1948 aimed to promote a mixed economy where both public and private sectors would work together to achieve balanced industrial growth.
• It laid the foundation for subsequent industrial policies and was instrumental in shaping India's economic structure.
• The resolution also emphasized the importance of protecting small-scale industries and ensuring fair competition.
• It was followed by the Industrial Policy Resolution of 1956, which further elaborated on the role of the public sector in industrial development.
• This policy framework was crucial in guiding India's industrial strategy during the early years of independence.