Economics · Indian Economy
What was the main objective of the Industrial Policy Resolution of 1956?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To focus exclusively on small-scale cottage industries without public intervention
- 2To discourage the cooperative sector completely
- 3To complete privatization of all heavy industries
- 4To accelerate industrialization, expand the public sector, and prevent private monopolies✓
Correct answer
To accelerate industrialization, expand the public sector, and prevent private monopolies
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