How did India begin to re industrialized after independence?
We were also technologically backward. There were only two established industries – cotton and jute. So it became clear that there needed to be an emphasis on industrial development and increasing the variety of industries in our industrial sector. And so the government formed our industrial policies accordingly.
Which of the following is a reason for the direct participation of state in industrial development?
The system of state planning constrained growth of the private sector by allowing it to expand only with government permission. which means with the permission of government only any industry can be set up. But despite the massive interventions, economic progress was made during the period of independence.
What led to Industrialisation in India?
Industrialisation in India
The industrial revolution entered India in 1854 when Bombay opened its first steam-powered cotton mill in Asia. Initially, the growth was slow, and the expansion of these modernised cotton mills was not done until the 1870s and 1880s. India now has the world’s sixth-largest economy.
What is the role of state in growth and industrial development?
Moreover, the state can help the growth of agriculture and industries. The organization of the labour market also falls under the functions of government. It increases the productivity of labour. The government helps in organizing labour by recognizing labour unions.
What were the features of the industrial revolution also state its impact on India?
Indian farmers were forced to produce cotton plantation so that it can fuel English factories as India was then under British rule. 4. Industrial Revolution brought severe consequences to society. Farmers were forced to grow cash crops in place of food crops, which resulted in awfully deadly famines in India.
What is the reason behind low inducement to invest during Independence?
(ii) Low Level of Demand After the exploitative colonial rule, the majority of Indian population was left poor arid had very low purchasing power. Consequently, there was low level of demand and so there was no inducement for private sector to undertake investment.
What were the reasons for giving a dominant role to public sector at the time of independence?
Public sector had a prominent role before 1991 as discussed below (i) Development of Infrastructure and Heavy Industries At the time of independence, basic infrastructure was not developed and hence industrialization was difficult due to lack of adequate transportation and communication facilities, fuel and energy, and …
Why the state had to play an extensive role in promoting the industrial sector?
Explanation: Although much of the concerns in the economy can be fulfilled by the agricultural industry as this industry provides a source of food and raw materials for survival, the requirement of capital for each state is mandatory to establish stability in the economy.
When did industrial development began in India?
The industrial development in India began with the establishment of first successful modern cotton textile mill at Mumbai in 1854. Since then the industry has witnessed a phenomenal growth. The numbers of mills increased from 378 in 1952 to 1782 by March 1998.
What is industrial development India?
A large number of industries have been established in the post-independence India in private, public and joint sectors. 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.