CH 9

SUB CODE: BCOMGE 301-18
HARDEEP KAUR
ASS.PROFESSOR
SCHOOL OF MANAGEMENT
INDUSTRIAL DEVELOPMENT
LEARNING OUTCOMES
INTRODUCTION TO OBJECTIVES OF PROBLEMS OF IMPACT OF CONCLUSION

INDUSTRY INDUSTRY INDUSTRY INDUSTRY
DEVELOPMENT DEVELOPMENT DEVELOPMENT DEVELOPMENT
INTRODUCTION
• A large number of industries have been established in the post-independence India in private, public and joint sectors. There are a
lot of industrial resources and raw materials available in India. Bhilai, Bokaro, Rourkela, Ranchi, Jamshedpur, Renukoot, etc.,
emerged as major centres during the first one and a half decades of independence.
• However, later on, industrialisation at medium and small scale was taken up in all the states. The main sectors of industrialisation
today are electronics, transport and telecommunication. Compared to advanced countries, there is very little industrialisation in
India. About 10 per cent of the total workers are employed in the organised industrial sector. Both private and public sectors have
grown side by side since independence.
• In 1948, it was decided to reserve right of control with the state over coal, steel, aviation, petroleum industries, etc. All other
industries were open to private enterprises. In 1956, a resolution was passed under which private capital was allowed to enter into
the reserved sectors of industry. A number of top-ranking industrialists were members of the Central Advisory Council and
Development Council.
• The state enterprises and public sector undertakings ran into heavy losses, and this put a question mark on the capabilities of the
Indian State and its approaches in managing its own establishment. A debate started on private-public sector partnership and
divide. The debated tilted in favour of the private sector.
• Many of the government enterprises were handed over to private entrepreneurs and industrialists. Privatisation has entered in a
selected way in offices and transport sector, including roads, railways and airways. ‘Contractualism’ is the new slogan today
• Large-scale industries started in the first fifteen years of planning in India. Rate of industrial growth was
fluctuating between 2 to 12 per cent. However, we have observed a steady industrial progress after 1967.
The enduring factors which have contributed to the growth are vast natural resources, economic surplus,
large labour force, high urban concentration, concentration of surplus within a small social group, availability
of trained personnel, a stable political structure, powerful means of state economic control, etc. Currently,
the growth rate is around 8 per cent. Today, India is one of the top developing countries compared to the
countries of Africa and South America.
• However, production of luxury goods, control of monopolies, sluggish rate of agricultural development, etc.,
have come as obstacles in industrial development. Despite these factors, investments in private sector have
been increasing.
• Collaborations with industrially advanced countries like the USA, UK, Russia, France, Germany, Italy, Japan,
etc., are a clear testimony of India’s industrial progress. A boost has been given to the development of small-
scale industries too during various plans. India has today a global market. India and China are considered as
the fast developing countries.
WHAT IS INDUSTRIAL
DEVELOPMENT ?
“It refers to the building and growing of industries within an economy by
using new technologies which make jobs easier, faster, and better and leads
to an increase in a business output and an increase in profits.”
• The Indian industrial sector has experienced growth mainly in following four
aspects:
 Production of new and innovative products
 Growth and expansion of public sector
 Import substitution
 Privatization and Globalization of various industries
OBJECTIVES OF INDUSTRIAL DEVELOPMENT
TO ACHIEVE A
TO RAISE TO PROVIDE TO ENCOURAGE
TO INCREASE THE FAVOURABLE
STANDARD OF ECONOMIC DEVELOPMENT OF
NATIONAL INCOME BALANCE OF
LIVING STABILITY OTHER SECTORS
PAYMENT
TO INCREASE THE
TO GENERATE TECHNOLOGICAL TO INCREASE TO CREATE
PRODUCTION IN
EMPLOYMENT DEVELOPMENT CAPITAL PROVISION FOR
AGRICULTURE
OPPORTUNITIES AND TRAINING FORMATION DEFENCE
SECTOR
TO GENERATE THE
TO EXPAND THE
REVENUES FOR
MARKETS
GOVERNMENT
UNDER-UTILISATION OF RESOURCES
LACK OF INFRASTRUCTURAL FACILITIES

PROBLEMS
IN
INDUSTRIA POOR PERFORMANCE OF THE PUBLIC
L SECTOR
DEVELOPM UNEVEN DISTRIBUTION OF INDUSTRIAL
ENT DEVELOPMENT
INDUSTRIAL SICKNESS
IMPACT/EVALUATION
OF INDUSTRIAL
DEVELOPMENT
INCREASE IN LEVEL OF INCOME
ECONOMIC GROWTH AND DEVELOPMENT
MEETS THE HIGH INCOME DEMANDS
OVERCOMING DETERIORATION IN TERMS OF TRADE
CREATES EMPLOYMENT OPPORTUNITIES
DEVELOPMENT OF TECHNOLOGY
STRENTHENS THE ECONOMY

CH 9

Uploaded by

Copyright:

Available Formats

CH 9

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

CH 9

Uploaded by

Copyright:

Available Formats

SUB CODE: BCOMGE 301-18

INTRODUCTION TO OBJECTIVES OF PROBLEMS OF IMPACT OF CONCLUSION

LACK OF INFRASTRUCTURAL FACILITIES

INCREASE IN LEVEL OF INCOME

ECONOMIC GROWTH AND DEVELOPMENT

MEETS THE HIGH INCOME DEMANDS

OVERCOMING DETERIORATION IN TERMS OF TRADE

CREATES EMPLOYMENT OPPORTUNITIES

STRENTHENS THE ECONOMY

You might also like