SSC MTS EXAM

Detailed explanation-1: -On April 30, 1948, the Government of India passed a policy resolution – The Industrial Policy Resolution, 1948 (IPR, 1948). It divided the industrial sector into four broad groups: Group 1 – Basic and strategic industries like arms and ammunition, atomic energy, railways, etc.

Detailed explanation-2: -In 1948, immediately after Independence, Government introduced the Industrial Policy Resolution. This outlined the approach to industrial growth and development. It emphasised the importance to the economy of securing a continuous increase in production and ensuring its equitable distribution.

Detailed explanation-3: -Industrial Policy Resolution, 1948 (IPR, 1948) was first policy of independent India. Its main focus was that the state must play an active role in the development of industries with government stressing on the socialistic pattern of society. This policy remains in force for 8 years.