1947 ke baad audyogikaran ke Vikas Mein Bharat Sarkar ki Bhumika ki Charcha kijiye
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At the time of Independence, the Indian economy was suffering severe obstacles of illiteracy, underdevelopment, low per capita income, technical backwardness, and unemployment. After India accomplished its Independence in 1947, a serious effort was started to create an era of industrial expansion. The government affirmed rules and ordinances for several industries. This manufacturing policy introduction determined to be the turning point in Indian Industrial history.
With the opening of new economic policies, the chief aim of the administration was to restore the Indian industry from the series of authorizing. The regulatory roles of the Indian administration refer to the policies towards enterprises, their institutions, their functioning, their development, their growth as well as their supervision.
Industrial Policy of 1948
The first industrial policy after sovereignty was declared on 6th April 1948. It was given by Dr. Shyama Prasad Mukherjee then Industry Minister. The central goal of this policy was to stimulate the industrial improvement by advancing a mixed economy where the private and public sector was affirmed as significant in the advancement of the economy.
After 1947, the Government of independent India took various initiatives to promote the industrialisation.
They built many dams to produce the hydro energy. The hydro energy can be used as the energy source that is required by various industries.
The Government promotes various local industries and provided financial help. After 1991, they accepted the globalisation and competed with the foreign countries.