Mains Paper II · 1 Indian Economy · 1.13 Industry

1.13.1 Industrial Policy Resolutions 1948 and 1956

The 1948 Resolution set up a mixed economy with a state role in basic industry; the 1956 Resolution, tied to the Second Plan, listed industries by Schedule A, B and C and made the public sector the "commanding height".

  • APPSC Group 2 · Mains Paper II
  • Advanced level
  • 5 min read
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Key terms

  • Industrial Policy Resolution 1948
  • IPR 1956
  • Schedule A
  • Schedule B
  • Schedule C
  • mixed economy
  • Mahalanobis
  • Karve Committee
  • TISCO
  • development finance institutions

What this note covers

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