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Gaurav Seth 5 years, 3 months ago
INDUSTRIAL POLICY RESOLUTION (IPR) 1956
Industrial policy is an important instrument through which the govt. regulates the industrial activities in an economy.
The 1956 resolution laid down the following objectives of industrial policy.
(a) To accelerate the growth of industrialization.
(b) To develop heavy industries.
(c) To expand public sector.
(d) To reduce disparities in income and wealth.
(e) To prevent monopolies and concentration of wealth and income in the hands of a small member of individuals.
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