The Industrial Policy Resolution of 1956 is recognised and regarded as the Magna Carta of Indian industrialisation. Discuss. Explain the importance and role of industries in the economic development...

The Industrial Policy Resolution of 1956 is recognised and regarded as the Magna Carta of Indian industrialisation. Discuss. Explain the importance and role of industries in the economic development of the country. Discuss the role of private sector in the light of New Industrial Policy of 1991.