Write a short note on the Industrial policy of 1956.

1.	Write a short note on the Industrial policy of 1956.
Answer» This policy is also known as the ‘Economic Constitution of India ‘or the ‘Magna Carta’ of industrial policy. This policy divided industries into three categories : 1. Monopolistic sector industries under the government of India were kept under Schedule A in the industrial policy proposal, 2. Industries having the coexistence of public and private sector were kept under schedule B. 12 industries were kept under this which in included fertilizers, chemicals roadways, etc. 3. All the remaining industries were kept under the private sector.

Answer»

This policy is also known as the ‘Economic Constitution of India ‘or the ‘Magna Carta’ of industrial policy.

This policy divided industries into three categories :

1. Monopolistic sector industries under the government of India were kept under Schedule A in the industrial policy proposal,

2. Industries having the coexistence of public and private sector were kept under schedule B. 12 industries were kept under this which in included fertilizers, chemicals roadways, etc.

3. All the remaining industries were kept under the private sector.

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