Question

Write the industrial sector initiatives adopted during 1950 to 1990 ?

Answer 1

Answer:

Post-independence one of the biggest challenges the Indian leaders and government faced was the state of the Indian Economy. And so they set up the system of the Five Year Plans. In the next four decades, they brought about systematic changes to agriculture, trade, and industry.

Answer 2

The industrial sector initiatives adopted during 1950 to 1990 were as follows:

• Promotion of small-scale industries for the purpose of rural development.

• Find effective methods for the strengthening of Infrastructure for Industrial Development.

• Focus on the capital goods industry for the development of our industrial sector.

Explanation:

• The main objective of the government was introduce an industrial policy for driving in more capital in the industry. The  small-scale industries are more labour intensive they could create more employment.

• To develop these industries the government formed appropriate industrial policies for building infrastructure facilities like transport, rail, banking and  and building the industries.  

• The focus was on heavy industries  that could produce capital goods for creating an effective  capital base for the economy.

To know more about industrial policy

Industrial policy of India 1948 divided industries into  ________

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