Why is it necessary to adopt a well defined industrial policy

Industrial policy industrial policy means the formal announcement made by the government of a particular country regarding industry it is very white time in include all the producer principle policy and regulation of the country industrial policy determine and objective of the industrial development of country the attitude of government toward attainment of objective rules regulation principles and policies to control and regulate the industrial under Tekken of the country... importance or need of industrial policy while define industrial policy is a necessary for plan industrial development of a country importants of industrial policy increased many for the developing countries like India as adopted the birth of bland economic development there are waste natural and social resources available in the country but most of these resources remain utilised or under utilised... background of industrial policy in India till 1923 there was no separate policy of industry and origin trade in India protection Policy was adopted in 1923 for the first time in India but this policy was introduced for British interested after Second World War is 7 of industrial planning and control was realised a planning and structure division was set up in 1944...