A boost has been given to the development of small-scale industries too during various plans. The British had used India as a source of cheap raw material and a lucrative market for finished products and they had not made any effort to develop the infrastructure. Coal is mined in Bengal and Bihar.
Another yardstick can be to compare our achievement with our needs. There was a general demand for the rapid industrialization of the country. India was an industrially developed country before the advent of industrial revolution in Europe.
It involves two things, viz. Init was decided to reserve right of control with the state over coal, steel, aviation, petroleum industries, etc. First jute mill was started at Risra near Kolkata Calcutta with Scottish capital and management in After getting independence, India immediately felt the need of capital goods and it was decided to promote the rapid growth of capital goods industries.
Essay on Pre-Independence Industrial Development in India Words Article shared by Industrialisation through which large scale manufacturing of goods using machines in a factory, achieves optimum result with minimum time, money and effort, to maximise production and profit.
That was because during the war period India was made the base for production and supply of war materials for the Eastern and Middle Eastern theatres of war.
However, we have observed a steady industrial progress after The Ordance Factory at Ambernath is one of the best in the whole world-Russia has helped us in setting up an oil refineryvat Mathura, besides a huge steel plant at Bhilai. Along with vast and diversified natural resource endowments, its large population size provides cheap labour and huge market for manufactured goods.
How to write an essay on Industrial development in India? The Seventh Plan envisages a growth rate of 8 percent with some segments of industry registering a higher growth rate, but only time can unfold the future achievement.
A significant feature of our industrial development has been the phenomenal growth of the public sector. Industrial Policy, and the Industries Development and Regulation Act, gave an idea of the attitude of the Government with regard to the development of industries.
There are a lot of industrial resources and raw materials available in India. Germany has helped us in setting up a huge steel factory at Rourkela. The debated tilted in favour of the private sector. The Five Year Plans were launched to secure the balanced growth of public and private sectors as also of large-scale and small scale industries.
But the situation has radically changed now. Privatisation has entered in a selected way in offices and transport sector, including roads, railways and airways.
With the establishment of the Tata Iron and Steel Company at Jamshedpur ina new chapter in the industrial history of India was opened. Existing industries also expanded considerably during this period. Sindri Factory is one of the biggest fertilizer factories in the world.
There was an urgent need of increasing the national wealth and thereby the standard of living of the people. It also offers job opportunities to a large number of people. Another steel plant has been set up at Durgapur with the help of England. Our achievement has also fallen short of the targets laid down in the Five-year Plans.
Several industries developed and a number of new industries came up but their production was neither adequate nor diversified in character. A large number of industries have been established in the post-independence India in private, public and joint sectors.
The increasing pressure of population on land also called for a transfer of labour from land to industries. The post-war inflation, and the partition of the country in adversely affected industries particularly jute and cotton textile industries organisation.
We have already set up some heavy industries. India has today a global market. India and China are considered as the fast developing countries.Words Essay on Industrial Revolution in India by Dipti digg In any country, be it least developed under developed or advanced, the industrial sectors from the sheet anchor for the generation and development of country’s productive forces.
In terms of development, Industrial Development Bank of India (IDBI) is the tenth largest development bank in the world. IDBI has built some of the institutions like: The National Stock exchange (NSE), The National Securities Depository Services Ltd.
(NSDL), Stock Holding Corporation of India (SHCIL). ADVERTISEMENTS: Industrial Development in India! 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. In this twentieth century when science and technology have gained unquestionable supremacy, the level of the' industrial development of a country has become the yardstick to be applied to judge its actual development.
Industrial development is used as a yardstick for measuring the level of economic development. All developed countries of the world have highly developed and diversified industrial sector. India possesses all the necessary conditions for industrial development.
Industrial development is today considered as prerequisite for modern economic development. That is why all countries of the world, whether big or small, rich or poor, and developed or developing, Short essay on Industrial Development.Download