Development of Industries in India | Chapter 6 | History | 8th Social Science - Industrial Growth in India | 8th Social Science : History : Chapter 6 : Development of Industries in India
Chapter: 8th Social Science : History : Chapter 6 : Development of Industries in India
Industrial Growth in India
Industrial Growth in India
To realise the dream of development
of industries, Indian Government adopted certain industrial policies and Five-Year
Plans. One of the most important innovations in the industrial field after
Independence has been the introduction of the Five-Year Plans and the direct
participation in industry by the government as expressed in the Industrial
Policy Resolution of 1948. This Resolution delineated the role of the state in
the industrial development both as an entrepreneur and as an authority. As per
the Industrial Policy Resolution 1956, industries were classified into three
categories:
Schedule A: Only the Government can handle these industries. Some of these are atomic energy, electrical,
iron and steel and others.
Schedule B: These comprise road and sea transportation, machine tools, aluminium, chemicals including
plastics and fertilisers, ferro alloys and certain types of mining.
Schedule C: Under this category, the remaining industries and left to the private sector.
Classification of Industries
* On the basis of raw materials used, industries can be
classified into agro-based and mineral-based. According to their role it can be
classified into basic and key industries.
* On the basis of ownership it can be classified into public
sector, private sector, joint sector and co-operative sector.
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