Question

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

Answer 1

Answer:

I saw from google

Explanation:

The Industrial Policy Resolution (IPR) 1956 was adopted in order to achieve the aim of a socialist state with government controlling the major strategic industries of the economy. ... Hence, the government fully controlled the private sector either directly or Indirectly through the IPR 1956

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.