Question

What should be the primary objectives of industrial policy?

Answer 1

The role of foreign capital etc. In brief, it is a statement of objectives to be achieved in the area of industrial development and the measures to be adopted towards achieving these objectives. ... It lays down rules and procedures that would govern the growth and pattern of industrial activity.

Answer 2

The primary objective of the industrial policy is to lead the company or industry with the continuous growth and to enhance the industry on its production. This also leads to the modernization of the industry and utilization of the resources that are available in the industry.

The regional growth of the company is also balanced in a better way with the help of the primary objective. It also prevents of a concentration of the economic power.