Which of the following documents provides a framework, rules and regulations for setting up public and private industries in India?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Industrial policy.
The Industrial Policy Resolution provides the framework, rules, and regulations for setting up public and private industries in India. Initially introduced in 1948 and revised several times, including the significant changes in 1991, the policy outlines the government's approach to industrial development, focusing on areas like private sector participation, public sector enterprises, and foreign investment. It also emphasizes the need for balanced regional development, technological advancement, and environmental sustainability in the industrial growth of the country.