When was the First Industrial Policy of India launched?

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Telangana Police Constable Preliminary Exam 2022 Official Paper 1
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  1. 1951
  2. 1965
  3. 1948 
  4. 1981

Answer (Detailed Solution Below)

Option 3 : 1948 
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CT 1: Ancient History (Pre-History & IVC పూర్వ చరిత్ర & IVC)
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Detailed Solution

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The correct answer is 1948

Key Points

  • The First Industrial Policy of India was launched in 1948, shortly after India gained independence.
  • The policy aimed to outline the industrial development roadmap for the newly independent country.
  • It divided industries into three categories: exclusive government monopoly, government control, and private sector participation.
  • The policy emphasized the importance of public-private partnerships and industrial expansion in promoting economic growth.
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