Which of the following committees was associated with Industrial Licensing Policy Inquiry?

Key Points

• The Dutt Committee was associated with the Industrial Licensing Policy Inquiry.
• This committee was set up to examine the existing industrial licensing policy and suggest reforms to improve industrial growth and efficiency.
• The committee's recommendations played a significant role in shaping India's industrial policy.

Additional Information

• Industrial licensing in India was a mechanism to regulate the establishment and expansion of industries in the country.
• The licensing policy was initially introduced to ensure balanced regional development and to control monopolistic practices.
• Over time, the policy underwent several changes to liberalize the economy and promote private sector participation.
• The Dutt Committee's work was instrumental in identifying the challenges and opportunities in the industrial sector, leading to policy adjustments that facilitated economic growth.