Question
Download Solution PDFWhen was the first Industrial Policy of India launched ?
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Telangana Police SI Prelims 2022 Official Paper
Answer (Detailed Solution Below)
Option 2 : 1948
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CT 1: Indian Polity (Making of the Constitution రాజ్యాంగాన్ని రూపొందించడం) Part 1
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Download Solution PDFThe correct answer is 1948.
Key Points
- The first Industrial Policy of India was announced on 6th April 1948 by the Government of India.
- It laid the foundation for a mixed economy where both public and private sectors co-exist.
- The policy aimed to promote industrial growth by focusing on key industries like iron, steel, coal, and power.
- It highlighted the importance of foreign investment in industrial development and emphasized the need for state control in strategic industries.
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