Consider the following statements and identify the right ones.
i. The Industrial Policy of 1948 was the first industrial policy statement by the Government
ii. It gave leading role to the private sector

Question

Quizplus · Accepted Answer

The Industrial Policy of 1948 was indeed the first industrial policy statement by the Government of India post-independence, marking the beginning of systematic planning for industrial development. However, it did not give a leading role to the private sector; instead, it outlined the role of the State in regulating and developing industries, with a focus on mixed economy where both public and private sectors had roles.

Consider the Following Statements and Identify the Right Ones