explain the objectives of IPR 1956 - Economics - Unit I- Indian Economy 1950-1990

Question

explain the objectives of IPR 1956 ??

Richa Gupta · Accepted Answer

The Indian Policy Resolution was taken up with the main
objective of 'rapid industrialisation' The IPR of 1956 was a major
step taken by the government in order to declare the leading role
of the government in the industrialisation process The elements of
the IPR namely, three-fold classification of industries, licensing
industries and industrial concessions, were also focussed on
increasing the growth rate of industries with the objective of
overall growth and development Also, this was done in accordance
with the objective of social welfare and regional equity Hence, the
following were the objectives of IPR
i Rapid industrialisation
ii Growth and development
iii Social welfare
iv Regional Equity