Question

When was the first industrial policy resolution adopted by the Government of India?

Options

• 1948

• 1956

• 1951

• 1991

Answer 1

1948

Explanation:

The first industrial policy resolution, led by Shyama Prasad Mukherji and Pt. Jawaharlal Nehru, aimed to establish a mixed economy dividing the economy into public and private sectors. It emphasized large-scale public sector investment to accelerate economic development, infrastructure, and basic industries, which would also encourage private sector growth.