The industrial policy 1948 emphasised the role of cottage and small scale industries in economic development. We redefine industrial policy for industrialised countries as a. Gk, general studies, optional notes for upsc, ias, banking, civil services. Industrial policy resolution of 1948 laid emphasis. What are the features of new industrial policy of 1991. This new industrial policy is systemic, working in alignment. The industrial policy resolution of 1948 was followed by the. Large scale industries were divided into four categories. Competition policy, industrial policy and national.
Industrial policy in the united states article pdf available in journal of industry competition and trade 73. Industrial policy is not inevitably tied to a national champions policy. Items under the state government control coal, iron and steel, aircraft manufacture, shipbuilding, manufacture of telephone, telegraph and wireless apparatus, excluding radio receiving sets, mineral oils, etc. In 1948, immediately after independence, government introduced the industrial policy resolution. This paper discusses the tensions between antitrust policy and industrial policy from a u. I 1 the government of india set out in their resolution dated 6 april. The british policy was that government was illqualified to advance the industrial development and all such matters should be left to private enterprise. Building on the socalled bombay plan1 in the preindependence era, the first industrial policy resolution announced in 1948 laid down broad contours of the strategy of industrial development. Indian industrial policy since 1956 narendra jadhav. Download as doc, pdf, txt or read online from scribd. Industrial policy resolution, 1948 the policy aimed at outlining the. Industrial policy resolution 1948 outlined the approach to industrial growth and development emphasized the importance of securing a. Handbook of industrial policy and statistics office of economic.
A dedicated reform policy for the public sector including the disinvestment programme were launched under the nip 1991. Industrial policy for a sustainable growth path oecd. This second industrial policy was announced on april 20, 1956, which replaced the policy of 1948. In the late 1970s and the 1980s, in the wake of the slowdown of the u. Industrial policy resolution industrial policy economic development. The industrial policy 1948 was a sincere depart from the british era policy of lessez faire free economy model followed by british rulers. The following are the main features of industrial policy of 1948. The industrial policy resolution 1956 classified industries into three categories.
It sought to provide encouragement to these industries in indias industrial development programmes because these industries make use of local resources and provide larger employment opportunities. An industrial policy ip or industrial strategy of a country is its official strategic effort to encourage the development and growth of all or part of the economy, often. Resolution dated 6 april, 1948 the policy which they proposed to. Chapter i 1 the government of india set out in their resolution dated 6 april, 1948 the policy which they proposed to pursue in the industrial field. Industrial policy resolution free download as word doc. The resolution emphasised the importance to the economy of securing a continuous increase in production and its equitable distribution, and pointed out that the state must play of progressively. At that time the constitution of india had not taken final shape nor was the planning commission constituted. Nondiscriminatory and fair treatment for the private sector. Wages act, enacted on 15 march 1948, declared that governments.
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