What is the Objective of industrial policy resolution of 1948 in India?

The Industrial Policy Resolution of 1948 in India aimed to promote industrialization in the country and lay the foundation for a mixed economy. Its objectives included the encouragement of private sector investment, the establishment of public sector enterprises in key industries, and the facilitation of economic development through planned industrial growth. The policy sought to ensure balanced regional development and equity in wealth distribution while addressing the needs of the economy in the post-independence era.