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Explain the problems of industrial development in India.
Dear student,
The problems of industrial development in India are:
1) Slow growth of industrial sector has an adverse impact on the overall growth performance of the country.
2) A large number of industries suffer from under-utilisation capacity due to shortage of raw materials, frequent power failures, labour disputes, govt. policies and demand factor.
3) The industrial sector has witnessed a rapid growth of consumer durable goods unit designed for the elite sector of the economy like motor-cycles, scooters, TVs, radios, air- conditioners and refrigerators, computers and cosmetics has increased significantly.
4) Industrial development in the country has concentrated in the western regions of the country while the eastern and north eastern region has been totally neglected in the process.
5) A large number of industries particularly in the public sector have been sick during the plan periods due to bad and inefficient management.
6) The performance of public sector units in India has not been satisfactorily seeing their profit statements.
Regards
The problems of industrial development in India are:
1) Slow growth of industrial sector has an adverse impact on the overall growth performance of the country.
2) A large number of industries suffer from under-utilisation capacity due to shortage of raw materials, frequent power failures, labour disputes, govt. policies and demand factor.
3) The industrial sector has witnessed a rapid growth of consumer durable goods unit designed for the elite sector of the economy like motor-cycles, scooters, TVs, radios, air- conditioners and refrigerators, computers and cosmetics has increased significantly.
4) Industrial development in the country has concentrated in the western regions of the country while the eastern and north eastern region has been totally neglected in the process.
5) A large number of industries particularly in the public sector have been sick during the plan periods due to bad and inefficient management.
6) The performance of public sector units in India has not been satisfactorily seeing their profit statements.
Regards