Write a note on 'Industrial Policy'
Answers
Answer:
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.
Answer:
Industrial Policy is defined as the strategic effort by the state to encourage the development and growth of a sector of the economy. ... To be effective, its design and implementation needs to take into account both a government's capabilities and political will.
The main objective of any industrial policy is to augment the industrial production and thereby enhance the industrial growth which leads to economic growth by optimum utilization of resources; modernization; balanced industrial development; balanced regional development