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Industrial Policy Resolution 1956
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About — Industrial Policy Resolution 1956
The **Industrial Policy Resolution of 1956** was India’s foundational economic framework, classifying industries into public, private, and mixed sectors to guide post-independence industrialization. It laid the groundwork for state-led heavy industries like steel (e.g., **Bhilai Steel Plant**, built with Soviet collaboration) while reserving key sectors for government control. The policy cemented Nehruvian socialism, shaping India’s economic trajectory for decades.