The correct answer is: a) Micro, Small, and Medium Enterprises (MSMEs).
MSMEs are the backbone of the Indian economy, accounting for over 90% of all enterprises and over 50% of employment. They are also a major source of innovation and job creation. The state’s industrial policy aims to promote MSMEs by providing them with access to finance, technology, and markets.
State-owned corporations are enterprises that are owned and operated by the government. They play an important role in the economy, providing essential services such as utilities, transportation, and telecommunications. However, they are often inefficient and loss-making. The state’s industrial policy aims to improve the performance of state-owned corporations by making them more efficient and competitive.
Foreign Direct Investment (FDI) is investment made by foreign companies in domestic companies. It can help to improve the competitiveness of domestic companies and create jobs. The state’s industrial policy aims to attract FDI by providing a favorable investment climate.
Import-substitution industries are industries that produce goods that are currently being imported. The state’s industrial policy aims to promote import-substitution industries by providing them with protection from foreign competition.
In conclusion, the correct answer is: a) Micro, Small, and Medium Enterprises (MSMEs).