Industrial Policy Resolution, 1948

The Industrial Policy Resolution, 1948 was a policy statement issued by the Government of India on 20 April 1948. The resolution outlined the government’s plans for the development of the Indian economy, with a focus on industrialization. The resolution identified three categories of industries:

Schedule A industries were to be reserved for the public sector. These industries were considered to be essential for the country’s Economic Development and security.
Schedule B industries were to be progressively state-owned, but private sector participation was also allowed. These industries were considered to be important for the country’s economic development, but they were not considered to be essential for the country’s security.
Schedule CC industries were to be open to both the public and private sectors. These industries were not considered to be essential for the country’s economic development or security.

The resolution also outlined a number of measures that the government would take to promote industrialization, including:

InvestmentInvestment in InfrastructureInfrastructure. The government would invest in infrastructure, such as roads, railways, and power plants, to support industrialization.
Protection of domestic industries. The government would protect domestic industries from foreign competition by imposing tariffs and quotas.
Provision of financial assistance. The government would provide financial assistance to industries, such as loans and subsidies.
Regulation of monopolies. The government would regulate monopolies to prevent them from exploiting consumers.
Development of human resources. The government would develop human resources by providing education and training to workers.

The sub topics of the Industrial Policy Resolution, 1948 are as follows:

Objectives of the resolution
Categories of industries
Measures to promote industrialization
Significance of the resolution
The Industrial Policy Resolution, 1948 was a policy statement issued by the Government of India on 20 April 1948. The resolution outlined the government’s plans for the development of the Indian economy, with a focus on industrialization. The resolution identified three categories of industries:
Schedule A industries were to be reserved for the public sector. These industries were considered to be essential for the country’s economic development and security.
Schedule B industries were to be progressively state-owned, but private sector participation was also allowed. These industries were considered to be important for the country’s economic development, but they were not considered to be essential for the country’s security.
Schedule C industries were to be open to both the public and private sectors. These industries were not considered to be essential for the country’s economic development or security.

The resolution also outlined a number of measures that the government would take to promote industrialization, including:

Investment in infrastructure. The government would invest in infrastructure, such as roads, railways, and power plants, to support industrialization.
Protection of domestic industries. The government would protect domestic industries from foreign competition by imposing tariffs and quotas.
Provision of financial assistance. The government would provide financial assistance to industries, such as loans and subsidies.
Regulation of monopolies. The government would regulate monopolies to prevent them from exploiting consumers.
Development of human resources. The government would develop human resources by providing education and training to workers.

The objectives of the resolution were to:

Promote rapid industrialization. The resolution stated that “the key to India’s economic development lies in rapid industrialization.” The government believed that industrialization was necessary to increase the country’s wealth and to improve the standard of living of its people.
Ensure self-reliance. The resolution stated that “the aim of our industrial policy must be to build up a strong and self-reliant economy.” The government believed that India needed to be able to produce its own goods and services, rather than relying on imports.
Reduce economic inequality. The resolution stated that “our industrial policy must be designed to reduce economic inequality.” The government believed that industrialization could help to create jobs and to improve the standard of living of the poor.
Protect the EnvironmentEnvironment. The resolution stated that “our industrial policy must be designed to protect the environment.” The government recognized that industrialization could have a negative impact on the environment, and it sought to minimize this impact.

The categories of industries identified in the resolution were:

Schedule A industries were to be reserved for the public sector. These industries were considered to be essential for the country’s economic development and security. They included industries such as coal, iron and steel, heavy engineering, and power generation.
Schedule B industries were to be progressively state-owned, but private sector participation was also allowed. These industries were considered to be important for the country’s economic development, but they were not considered to be essential for the country’s security. They included industries such as railways, air transport, shipping, and telecommunications.
Schedule C industries were to be open to both the public and private sectors. These industries were not considered to be essential for the country’s economic development or security. They included industries such as textiles, food processing, and chemicals.

The measures that the government would take to promote industrialization included:

Investment in infrastructure. The government would invest in infrastructure, such as roads, railways, and power plants, to support industrialization. This would help to create a more favorable environment for businesses to operate in.
Protection of domestic industries. The government would protect domestic industries from foreign competition by imposing tariffs and quotas. This would help to give domestic industries a chance to grow and develop.
Provision of financial assistance. The government would provide financial assistance to industries, such as loans and subsidies. This would help to make it easier for businesses to start up and operate.
Regulation of monopolies. The government would regulate monopolies to prevent them from exploiting consumers. This would help to ensure that businesses compete fairly and that consumers get a fair deal.
Development of human resources. The government would develop human resources by providing education and training to workers. This would help to ensure that businesses have access to a skilled workforce.

The Industrial Policy Resolution, 1948 was a significant step in the development of the Indian economy. The resolution helped to lay the foundation for India’s industrialization and economic growth.
The Industrial Policy Resolution, 1948 was a policy statement issued by the Government of India on 20 April 1948. The resolution outlined the government’s plans for the development of the Indian economy, with a focus on industrialization.

The resolution identified three categories of industries:

Schedule A industries were to be reserved for the public sector. These industries were considered to be essential for the country’s economic development and security.
Schedule B industries were to be progressively state-owned, but private sector participation was also allowed. These industries were considered to be important for the country’s economic development, but they were not considered to be essential for the country’s security.
Schedule C industries were to be open to both the public and private sectors. These industries were not considered to be essential for the country’s economic development or security.

The resolution also outlined a number of measures that the government would take to promote industrialization, including:

Investment in infrastructure. The government would invest in infrastructure, such as roads, railways, and power plants, to support industrialization.
Protection of domestic industries. The government would protect domestic industries from foreign competition by imposing tariffs and quotas.
Provision of financial assistance. The government would provide financial assistance to industries, such as loans and subsidies.
Regulation of monopolies. The government would regulate monopolies to prevent them from exploiting consumers.
Development of human resources. The government would develop human resources by providing education and training to workers.

Here are some frequently asked questions about the Industrial Policy Resolution, 1948:

What was the objective of the Industrial Policy Resolution, 1948?

The objective of the Industrial Policy Resolution, 1948 was to promote industrialization in India. The resolution identified three categories of industries: Schedule A, Schedule B, and Schedule C. Schedule A industries were to be reserved for the public sector, Schedule B industries were to be progressively state-owned, but private sector participation was also allowed, and Schedule C industries were to be open to both the public and private sectors. The resolution also outlined a number of measures that the government would take to promote industrialization, including investment in infrastructure, protection of domestic industries, provision of financial assistance, regulation of monopolies, and development of human resources.

What were the categories of industries identified in the Industrial Policy Resolution, 1948?

The Industrial Policy Resolution, 1948 identified three categories of industries: Schedule A, Schedule B, and Schedule C. Schedule A industries were to be reserved for the public sector. These industries were considered to be essential for the country’s economic development and security. Schedule B industries were to be progressively state-owned, but private sector participation was also allowed. These industries were considered to be important for the country’s economic development, but they were not considered to be essential for the country’s security. Schedule C industries were to be open to both the public and private sectors. These industries were not considered to be essential for the country’s economic development or security.

What measures did the government take to promote industrialization in the Industrial Policy Resolution, 1948?

The government took a number of measures to promote industrialization in the Industrial Policy Resolution, 1948. These measures included investment in infrastructure, protection of domestic industries, provision of financial assistance, regulation of monopolies, and development of human resources.

What was the significance of the Industrial Policy Resolution, 1948?

Schedule A industries were to be reserved for the public sector. These industries were considered to be essential for the country’s economic development and security.
Schedule B industries were to be progressively state-owned, but private sector participation was also allowed. These industries were considered to be important for the country’s economic development, but they were not considered to be essential for the country’s security.
Schedule C industries were to be open to both the public and private sectors. These industries were not considered to be essential for the country’s economic development or security.

The resolution also outlined a number of measures that the government would take to promote industrialization, including:

Investment in infrastructure. The government would invest in infrastructure, such as roads, railways, and power plants, to support industrialization.
Protection of domestic industries. The government would protect domestic industries from foreign competition by imposing tariffs and quotas.
Provision of financial assistance. The government would provide financial assistance to industries, such as loans and subsidies.
Regulation of monopolies. The government would regulate monopolies to prevent them from exploiting consumers.
Development of human resources. The government would develop human resources by providing education and training to workers.

Here are some MCQs based on the Industrial Policy Resolution, 1948:

Which of the following is not a category of industries identified in the Industrial Policy Resolution, 1948?
(A) Schedule A
(B) Schedule B
(C) Schedule C
(D) Schedule D
Which of the following industries was not included in Schedule A?
(A) Iron and steel
(B) Coal
(C) Electricity
(D) Jute
Which of the following measures was not taken by the government to promote industrialization?
(A) Investment in infrastructure
(B) Protection of domestic industries
(C) Provision of financial assistance
(D) Regulation of monopolies
The Industrial Policy Resolution, 1948 was a significant step in the development of the Indian economy because it
(A) helped to lay the foundation for India’s industrialization and economic growth
(B) led to the establishment of many new industries in India
(C) helped to reduce India’s dependence on foreign imports
(D) all of the above
The Industrial Policy Resolution, 1948 was issued on
(A) 20 April 1948
(B) 20 January 1949
(C) 20 August 1950
(D) 20 November 1951