(Last Updated on : 01/11/2013)
Indian Industries are the major aspects for the rapid growth in modern India. Industries play a vital role in shaping the economy of a society. Though, India is basically an agrarian nation, yet Indian industries provide a financial support to the country. After independence, the nation has successfully achieved sovereignty in manufacturing various products. In India four key industrial economic sectors are identified. The primary sector, largely extract raw material and they are mining and farming industries. In the secondary sector, refining, construction, and manufacturing are categorised. The tertiary sector deals with services and distribution of manufactured goods. Amongst the various Indian Industries, the most notable are Heavy Electrical Equipment, Computers, Aircraft, Automobiles, Vessels, Power Generation and Transmission, Steam Engines, Chemicals, Construction Machinery, Communication Instrument, Precision Equipments and Tools.
History of Indian Industries
The period from the late 18th and early 19th centuries saw a radical change in the agriculture, manufacturing, production, and transportation. In India, the concept of industries was introduced in the country with the coming of the British. The inception of Indian industries influenced the socioeconomic and cultural conditions in the subcontinent. Thus the onset of the Industrial Revolution marked a major turning point in Indian society also. Tea
industry in India is said to be the beginning of industrial development of India. Industries of India can be divided into large scale and small scale.
Types of Indian Industries
Among the Indian industries, Large scale industries are those which involve huge infrastructure, man power and a have influx of capital assets. The heavy industries of India include the Iron and Steel Industry
, Textile Industry, Leather Industry
, Automobile Industry
, Cement Industry
, Indian Diamond Industry
, and Indian Food Industry
amongst others. Petrochemicals in India create a huge affect on the fiscal planning of the country. Indian Mining Industry is also amongst the key players and provides occupation to almost 0.7 million people across the country. Indian economy is greatly dependent on these large industries for its economic growth, generation of foreign currency as well as for providing job opportunities. Large scale industries make urbanisation desirable in the society. However, the small-scale industries are another major contribution to the Gross Domestic Product (GDP) of India. These Small Scale Sectors are termed as Traditional Sectors and are referred to have huge growth prospect. The primary concern of the small-scale industries is that capital resources are invested for the development of machineries.
Moreover, the Indian Film Industry is also being regarded as a major industry that has developed to a great extent in the recent years with the advent of major corporate houses in the sector, the investment has also increased. The Indian Film Industry has become one of the major contributors to the Indian economy.
The Software Industry in India has also seen a massive boom in the last decade. The Indian Software Industry has positioned the country as knowledge based economy, around the globe. This Industry is growing rapidly in the recent times, with increase in outsourced projects. The Indian Software Industry has grown by almost 7% in 2008.
Indian industries thus effect the economic development of the country. With an assortment of large and small scale industries in the nation, India has opened its doors to economic opportunities. The industries such as Chemical Industry in India
, Vegetable Oil Industry in India
, are among the contributing lot.