(Last Updated on : 17/06/2017)
Indian industries are major aspects of rapid growth in modern India. They play a vital role in Indian economy
. India is basically an agrarian nation, but Indian industries provide financial support to the country. After independence
, India successfully achieved sovereignty in manufacturing various products. Amongst the various Indian industries, the most notable ones are involved in the generation of power and transmission, production of heavy electrical equipments, computers, aircrafts, automobiles, vessels, steam engines, chemicals, construction machinery, communication
instruments and precision equipments and tools.
History of Indian Industries
In India, the concept of industries was introduced during British
rule in the country. During the period from the late 18th to the early 19th centuries, a radical change in agriculture
, manufacturing, production and transport
ation took place. The inception of Indian industries influenced the socio-economic and cultural conditions in the subcontinent. The onset of industrial revolution marked a major turning point in Indian society
. The establishment of tea industry
is known to mark the beginning of industrial development in India.
Types of Indian Industries
In India, three key industrial sectors exist, based on the type of business activities conducted in a work setting. They are the primary sector, secondary sector and tertiary sector. The primary sector is largely involved in extracting raw materials. Mining
industries belong to primary sector. The secondary sector is associated with refining, construction and manufacturing. The tertiary sector deals in distribution of manufactured goods and providing services.
Indian Industries can broadly be divided into large scale industries and small scale industries. With an assortment of Indian industries into large and small scale industries, India has opened its door to economic opportunities. Large scale industries involve huge infrastructure, man power and have an influx of capital assets. The heavy industries of India include iron and steel industry
industry, leather industry
, automobile industry
, cement industry
, diamond industry
, food industry
, etc. Petrochemicals in India
significantly affect fiscal planning in the country. Mining Industry is also amongst the key Indian industries and provides occupation to almost 0.7 million people across the country. India is greatly dependent on large industries for economic growth, generation of foreign currency and for providing job opportunities. Large scale industries make urbanization desirable in the society. However, small-scale industries also contribute to Gross Domestic Product (GDP) of India. They are termed as traditional sectors and have huge growth prospect. The primary concern of the small-scale industries is that the capital resources are invested for the development of machineries.
Other Indian Industries
Industry is 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 in film making
has also increased. The Indian film industry has become one of the major contributors to the Indian economy. Indian Software Industry witnessed a massive boom and gave the label of a knowledge based economy to the country. This industry has been growing rapidly in the recent times with increase in outsourced projects. It grew by almost 7 percent in 2008. The industries such as Indian Chemical Industry
and Indian Vegetable Oil Industry
are also known to contribute to the country's growth.