What are the impact of industrial growth during the plan period?
Strengthening of Industrial Base: From the very beginning of the planning period, basic and capital goods industries received utmost attention. Consequently, its performance in total industrial output and gross value added become remarkable as compared to consumer goods industries.
What is the present situation of industrial development in India?
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.
What was passed in India to have planned industrial development?
The Second Five-Year plan accorded highest priority to Industrialisation. The plan was based on famous Mahalanobis Model. Mahalanobis model set out the task of establishing basic and capital goods industries on a large scale to create a strong base for the industrial development.
What is the major reason for slow industrial growth during plan period?
There have been several reasons for slow-down in industrial growth: slackening in aggregate demand, slow down in general investment climate, falling export growth, erosion of competitive advantage of Indian exports and persistence of infrastructure bottlenecks.
What are the main problems of industrial development in India?
Industrialization in India: Problems and Obstacles
- Poor Capital Formation:
- Political Factors:
- Lack of Infrastructural Facilities:
- Poor Performance of the Agricultural Sector:
- Gaps between Targets and Achievements:
- Dearth of Skilled and Efficient Personnel:
- Elite Oriented Consumption:
- Concentration of Wealth:
What is industrial development in Indian economy?
Industrial development helps in the rapid growth of national and per capita income. In India due to industrialisation, the contribution of industrial sector to GDP has gone upto 28.5% in 2000-01 and per capita income has risen to Rs. 16,486 in 2000.
What is the industrial policy of 1991?
The 1991 policy made ‘Licence, Permit and Quota Raj’ a thing of the past. It attempted to liberalise the economy by removing bureaucratic hurdles in industrial growth. Limited role of Public sector reduced the burden of the Government.
Why is industrial development bad?
Industrialisation is important for the economic growth and development of a society but can also be harmful to the environment. Amongst other things industrial process can cause climate change, pollution to air, water and soil, and health issues.
What are the problems of industrial development?
At the same time, new problems linked to industrialisation are emerging, such as rising greenhouse gas emissions, air and water pollution, growing volumes of waste, desertification and chemicals pollution. The more developed a country’s industrial capacity, the greater the potential for economic growth and development.
What are the 4 factors of industrialization?
Factors that influence industrialization include natural resources, capital, workers, technology, consumers, transportation systems, and a cooperative government.
How is industrial growth during Plan periods in India?
Let us make an in-depth study of the positive and negative features of industrial growth during plan periods. The trend in industrial growth over about 60 years appears to be impressive. During this period, both the pattern and the structure of Indian industries have undergone a significant change.
Is there a periodization scheme in Indian history?
The conventional periodization of Indian history—ancient, medieval, modern—has until very recently made it possible to perpetuate the periodization scheme in colonial narratives about India’s past.
Which is base of industrialisation during plan period?
From the very beginning of the planning period, basic and capital goods industries received utmost attention. Consequently, its performance in total industrial output and gross value added become remarkable as compared to consumer goods industries. These industries are the base of industrialisation.
What was industrial development in second five years plan?
2. Industrial Development in Second Five Years Plan: In the second five years plan 24% of the total plan was directed to industrial development. On large scale industries total expenditure was recorded to be Rs. 938 crore and on small scale industries it was only Rs. 187 crore.