The First Industrial Policy in India was announced in?

By Manesh Singh|Updated : November 18th, 2022

The first Industrial Policy in India was announced in 1948. Dr. Shyama Prasad Mukherjee gave the first industrial policy. Industrial policy is a collection of norms and benchmarks established by the government to assess the manufacturing industry's development and, eventually, the nation's economic growth and development. The government takes action to promote and enhance the capabilities and competitiveness of diverse businesses.

Announcement of First Industrial Policy in India

Following independence in 1948, Dr. Shyama Prasad Mukherjee proposed the first Industrial Policy. It was given out by. The government has established a set of criteria and metrics known as the industrial policy to assess the manufacturing industry's performance and, ultimately, the nation's economic growth and development.

Goals of First Industrial Policies:

The crucial goals of the industrial policy of India are explained below. These regulations are very specifically constructed to target

  • To continue productivity's steady development.
  • To increase the number of available jobs.
  • Improve the way you use the people you have available.
  • To use a variety of methods to speed up the nation's development
  • Must be competitive and at par with world norms

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FAQs on First Industrial Policy of India

  • The first Industrial Policy in India was announced post-independence in 1948. Dr. Shyama Prasad Mukherjee presented it. Industrial Policy is the set of standards and measures set by the Government to evaluate the progress of the manufacturing sector.

  • India’s Industrial Policy is broadly divided into four parts/sectors namely- Public Sector, Public-cum Private Sector, the Controlled Private Sector, Private & Cooperative Sector. 

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