In which year was the first Industrial Policy based on the mixed economy principle announced in India? The policy clearly demarcated the areas of operation of the public and private sectors.
Show answer & explanation
Correct answer: B
Explanation
The correct option is option 2 i.e. 1948.
| 1st Industrial Policy |
The first industrial policy after independence was announced on 6th April 1948. |
| It was presented by Dr Shyama Prasad Mukherjee then Industry Minister. | |
| The main goal of this policy was to accelerate the industrial development by introducing a mixed economy where the private and public sector was accepted as important in the development of the economy. |