Industrial Policy & Licencing is studied as part of "Industry" (Sectors & Development) in Economy. Industrial policy from 1956 to the liberalisation of 1991 has reshaped Indian industry — from licence raj to Atmanirbhar Bharat.

In the examination context, industrial policy & licencing carries conceptual questions that test both factual recall and analytical understanding. Revise this topic in sequence with the rest of the chapter so that chronological and thematic links are clear.