Industrial policy resolution 1948:-
It is considered to be 1st Industrial policy and 1st economic policy.
It decided the model of the economic system i.e. Mixed system.
Central, state & private Industries were recognized.
Industrial policy 1956:-
Reservation of Industries as schedule A, B, C.
Licensing, Monopolies, License-Quota Permit regime started.
Emphasis on small Industries.
Expansion of public sector.
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- http://www.bankersadda.com/2017/02/economics-notes-industrial-policy-for.html
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