time of Independence, Indian economy was facing SEVERE problems of illiteracy, poverty, low PER capita income, industrial backwardness and unemployment. After India attained its Independence in 1947, a sincere effort was made to begin an era of industrial DEVELOPMENT. The government adopted rules and regulations for the various industries. This industrial policy introduction proved to be the turning point in the Indian Industrial history.Industrial Policy Industrial policy is a document that sets the tone in implementing, promoting the regulatory roles of the government. It was an effort to expand the industrialization and uplift the economy to its deserved heights. It signified the INVOLVEMENT of Indian government in the development of industrial sector. With the introduction of new economic policies, the main aim of the government was to free the Indian industry from the chains of licensing. The regulatory roles of the Indian government refer to the policies towards industries, their establishments, their FUNCTIONING, their expansion, their growth as well as their management. I. Industrial Policy of 1948 II. Industrial Policy Resolution, 1956 III. Indian Policy Statement, 1973 IV. Indian Policy Statement 1977 V. Industrial Policy, 1980 VI. New Industrial Policy, 1991