Industrial Policy Planning

Industrial policy planning refers to strategies and actions taken by governments to promote specific industries within their economy. Its purpose is to enhance economic growth, create jobs, and improve overall competitiveness. This can involve investing in infrastructure, providing incentives for businesses, or supporting research and development. By identifying key sectors, such as technology or manufacturing, governments aim to foster innovation and ensure sustainable development. Ultimately, effective industrial policy planning aligns resources and efforts to build a stronger economy and meet the needs of society as a whole.