According to the Industrial Policy Resolution 1956, in how many categories were the industries classified in India?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 3.
According to the Industrial Policy Resolution of 1956, industries in India were classified into three categories:
- Core or Basic Industries – These included industries like steel, coal, iron, and heavy machinery.
- Key Industries – Industries such as cement, chemicals, and textiles.
- Small-Scale or Consumer Industries – Industries producing consumer goods like textiles, food products, and light engineering goods.
This classification helped in promoting a balanced industrial growth across different sectors.