Question

How does industrial policy impact on the economy and industry?

Answer 1

Industrialization is the main condition for the development or growth of Indian economy because industrial sector plays a pivotal role in the economy, they can solve the problems of general poverty, unemployment, backwardness, low productivity and low standard of living etc.

Answer 2

We know that the industrial sectors manipulate the major portion of any nation's economic growth and future possibilities.

And these industrial sectors are controlled by different industrial scale policies which decides the ultimate productivity,per annum.

That's why we can easily say that the industrial policies directly or indirectly affects our allover economial market.