ABSTRACT:
This study examines Chhattisgarh's industrial policy transformation (2004–2024), focusing on inclusive growth, regional development, and sustainability. Employing a qualitative methodology, it analyses government reports, policy documents, and academic literature to assess how industrial policies evolved to address socio-economic challenges and drive transformation. Initially, policies prioritized core industries like mining and power, enhancing industrial output but deepening regional disparities. A significant shift began in 2014 with initiatives such as the MSME Development Framework and Food Processing Policy, fostering diversification, rural entrepreneurship, and local employment. By 2022–23, the state achieved a GSDP growth of 12.60% and reduced its Multidimensional Poverty Index from 0.355 in 2005 to 0.153 in 2015. Recent policies focus on environmental sustainability, renewable energy, and skill development, aligning with global sustainability goals. However, challenges like declining industrial contributions to GSDP (from 20.58% in 2021–22 to 12.21% in 2022–23) and persistent regional inequalities remain. This study offers critical insights into Chhattisgarh’s industrial evolution and provides a strategic framework for balancing growth with equity and sustainability—an essential resource for policymakers and researchers. JEL Classification: O25, O18, Q01, J21, R11