Paper I · 6 Indian Economy & Planning · 6.5.2 Industry

6.5.2.1 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 Paper I · Paper I
  • Advanced level
  • 5 min read
  • Full course

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

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

Read the full note in the app. It is part of the APPSC Paper I full course in Medha AI. Free in the app: the first chapter of each topic.

Read the full note in the app Indian Economy & Planning questions with answers

All Industry notes · APPSC Paper I syllabus · APPSC Paper I Mock 1 with answers · Start free

Medha AI writes its own notes and checks them against the sources listed. Medha AI is an independent preparation service. It is not affiliated with, endorsed by or connected to APPSC, TSPSC, MPSC, UPSC or any other commission or government body.