Question

The first industrial policy stressed on which factors?

Answer 1

Answer:

Industrial Policy Resolution of 1956 (IPR 1956) is a resolution adopted by the Indian Parliament in April 1956. It was the first comprehensive statement on industrial development of India. The 1956 policy continued to constitute the basic economic policy for a long time.

Answer 2

Explanation:

• Industries cannot be set up everywhere. There are certain factors that influence the decision for the location of an industry. They are either geographical, economical, historical, man-made or political factors.
• The most common and most important factor is the availability of raw materials in an area. Following the raw materials are the presence of means of transport, capital, market, water, climate and government controls and policies, etc.