Question

How are industries classified?

Answer 1

Industries are classified as the public sector in India owes its origin in the 1956 industrial policy resolution of the government of India.

According to it industries were classified as:

1. Schedule A:
   The industries which would be exclusively owned by the state are referred to as schedule A.
2. Schedule B:
   The industries in which the private sector could supplement the efforts of the state taking the responsibility for starting new units are called schedule B.
3. Schedule C:
   The remaining industries which were in the private sector are mentioned as schedule C.