Instead the history taught in schools and in the media is about the Tudors a 16thC lot which has little consequence on our modern history. Heavy taxes are imposed on the people to get every possible paisa from them. Industrial Development during the Plan Periods Prior to British rule, India was industrially an advanced country and was exporting its industrial products in the European world. We do not have good relations with our neighboring countries especially Pakistan and China. Without industrial development, these goods cannot be produced. However, one can make some counterarguments against this.
The transformation of a traditional economy to an industrial economy was attempted during the second plan period on the basis of the Industrial Policy Resolution in 1956. The following Table shows the investment in organised industries and mines and the industrial growth rate during different plan periods: Plan Periods Ind. As such Industrialisation plays a major role in the economic development of underdeveloped countries like India with vast manpower and varied resources. As a result, not only industrial output of large scale industries expanded significantly, but also a more widening of the industrial diversification became possible during the war-time years. Needless to say, India's economy was devastated in this process. Modern industrialization also needs development of energy.
Later commentators have called this the First Industrial Revolution. Hence it is very important to set up industries to absorb this surplus labor. All the above stated reasons also help to raise the per capita income and national income. Self-reliance in capital goods and industrial infra-structure is also necessary. The public interest, and reserved an appropriate sphere for private enterprise.
Indian Industrialization The industrial policy of free India was first announced in 1948. The main problem of the British colonization of India was that itwas done by force. After 1966, agricultural sector has improved decently compared to industries. There was also a limited development of mining, especially coal. Thus, industrialisation creates a climate conducive to agricultural development.
But these problems are not insurmountable. During 1938-39 and 1945-46, the general index of output of all large scale manufacturing activity at 1938-39 prices rose from 100 to 161. Communication is one of the most noticeable industries in India because there are a growing number of populations that are operating in the language and communications sector. When you have conquered a country, what better industry to enter and dominate, than the industry dominated by the country you now rule — and whose economy you now control? We must bear all difficulties and be prepared to face the dangers, if we want to reap the advantages of industrialization. Market — to sell the manufactured goods All three were needed in large amounts for the Industrial Revolution to kick off: 1. Solid wastes from factories leave the land barren. These voluntary savings stimulate economic growth.
Demand for Indian cotton goods in England during this time was unprecedented. However, Indian agriculture is still following the primitive method of cultivation, therefore, the productivity is very low. The economy was characterised by extensive regulation, protectionism, public ownership, pervasive corruption and slow growth. Subsequently, of course, Britain conquered the whole of India, thus giving it more capital, more raw materials and a larger market — which helped to accelerate its Industrial Revolution. In this context this article lay emphasis on the role of fiscal policy of India. In the absence of properly trained and skilled personnel, it has become very difficult to handle such highly sophisticated computerized machineries necessary for industrial development of the country.
For instance, the construction of a transistor radio plant will develop the small-battery industry. This means the income-elasticity of demand for the manufactured goods is high and that of agricultural products is low. Eds 1992 industrialisation and Development, Oxford University Press: Oxford. On the contrary, agriculture is highly overcrowded. With the industrialization the way people to perceive life and nature value has changed immensely which widely impacted on the sociological process around the world. Above all, promises made by the foreign ruler remained, however, unaddressed—as usual.
This is most likely the reason for the shift from agricultural to industrial jobs. Credit card : This is a popular means for providing retail credit. Author: 20 Aug 2017 Member Level: : 5 I agree that industrialization is very important for our country because of the several reason as stated above in the article. Growth of Indian Industries till World War I: India had never been an industrial country in the modern sense of the term. I am ashamed to be English and I try to educate people and complain to people as much as possible about this dire state of affairs. It means industrialization strengthens infrastructural facilities.
Before the Industrial Revolution, India was the world's number one textile manufacturer and exporter. The increased use of modern technologies has increased the yield of crops per hectare. It means creation and growth of manufacturing units. Thus, this growing sickness of industrial units has resulted in a huge problem in the path of industrial development of the country. World conditions after 1850 were quite propitious for the growth of jute manufacturing and the credit for jute spinning firm in Rishra, near Serampore, Bengal, went to George Acland—a Scottish.