Objectives of Industry Policy
- Economic growth of the industry, in such a manner, will lead to the growth and development of the country.
- Employment generation: to provide more employment opportunities in industry.
- Utilization of Human Resources: Through employment generation, human resources can be better utilized and, thus, living standards can be improved.
- Healthy competitiveness: to promote an environment of healthy competitiveness so that even small-scale industries can grow.
- Foreign Investment: A better environment for industries attracts more foreign investment, expertise, and new technology.
Industrial Policy in India- Objectives, Resolutions and Limitations
Industrial policy is a plan, a framework, or a set of standard rules, guidelines, and regulations that the government forms for how an industry needs to be run. These standards are made such that a conducive environment can be formed for industries, which leads to the growth and development of that industry and the economy of the country.
Read below this comprehensive article to learn about the objectives of the industrial policies of India and the updated industrial policy.
Table of Content
- Objectives of Industry Policy
- Industrial policies of India
- Industrial Policy Resolution (IPR) 1956
- Industrial Policy Statement, 1977
- Industrial Policy Statement, 1980
- New Industrial Policy, 1991