what is industrial policy ? write in brief class 9
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Industrial policy is a document that sets the tone in implementing, promoting the regulatory roles of the government. It was an effort to expand the industrialization and uplift the economy to its deserved heights. It signified the involvement of the Indian government in the development of the industrial sector.
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Industrial policy refers to organized government involvement in guiding the economy by encouraging investment in targeted industries. Such policy serves to allocate capital across manufacturing industries by a system of taxes, subsidies, and investment incentives designed to move the economy along a specific pathway.
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