The industrial policy has to transform country into major partner and player in the global arena. Discuss the objectives of industrial policy of Government of India in this context.

Industrialization is a major objective of developing counties as a means to the attainment of higher levels of economic well-being of the people. Growth of the industrial sector at a higher rate and on a sustained basis is a major determinant of a country overall economic development in this regard the Government of India has issued industrial policies from time to time to facilitate and foster the growth of Indian industry and maintain its productivity and competitiveness in the world market. Following are the main objectives of Industrial Policy of the Government of India To maintain a sustained growth in productivity; To enhance gainful employment; To achieve optimal utilisation of human resources; To attain international competitiveness; and To transform India into a major partner and player in the arena