Rapid industrialisation and diversification of the industrial structure have been twin objective of industrial policy in India
Answers
India in recent years has seen rapid industrial development and the diversification of industrial structure. This has been initiated by the government in order to create a humble climate for the investors in the private sector and to mobilize assets to be used for the venture public sector. The government also aims at achieving balance in the industrial sector in terms of capital and consumer goods. This will also help to restrain the big and few industries from having almost all the economic power. Essentially, a balance in regional growth will be achieved.
Answer:
In the recent times, India has experienced a rapid growth and diversification of industries and its structures.
This development has been started by the Indian Government to create the humble climate for many investors in case of private sectors and for mobilizing the assets for use to help in the public sector venture.
The government also aims to achieve the balance in industrial sector on the basis of capital and the consumer goods.
Explanation: