Industrial Strategy
An Industrial Strategy is a government plan aimed at boosting the economy by supporting specific sectors and industries. It focuses on enhancing productivity, creating jobs, and fostering innovation. By identifying key areas for growth, such as technology or manufacturing, the strategy helps allocate resources effectively to stimulate economic development.
This strategy often involves collaboration between the government, businesses, and educational institutions. It may include investments in research and development, infrastructure improvements, and workforce training programs. By aligning efforts across various sectors, an industrial strategy seeks to create a competitive and sustainable economy for the future.