In which year was the "Industrial Policy Resolution" passed for the development of the industrial sector of the economy in India?
Answer & explanation
Correct answer: option 4
The correct answer is option 4: 1948
Britishers ruled for almost 200 years and destructed the Indian economy. Therefore, immediately after independence in the year 1948, Industrial Policy resolution was passed which outlined the approach that had to be followed for the development of the industrial sector of the economy. It ensured a continuous increase in the production with an equitable distribution of the commodities to the people.