Industrial Policy and Planning

Industrial policy and planning refer to government strategies aimed at promoting and supporting the growth of industries within a country. This includes creating favorable conditions for businesses, such as providing financial incentives, investing in infrastructure, and fostering innovation. The goal is to enhance economic development, create jobs, and improve competitiveness in the global market. By identifying key sectors for growth and addressing challenges they face, industrial policy helps shape a country’s industrial landscape, aiming for sustainable development and improved living standards for its citizens.