Question

Why and how the private sector regulated under IPR 1956?​

Answer 1

The Industrial Policy Resolution (IPR), 1956, was adopted in order to achieve the aim of a socialistic state with the government controlling the major strategic industries of the economy. ... Category 1: It includes industries which were established and owned exclusively by the public sector.

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Answer 2

Answer:

Private sector was given minimum role in IPR 1956. New industry could start operation after it had obtained licence from the government. Licence was given after scrutiny by the government.