600 words about industrialisation of sports in India
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Explanation:
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Industrialization in India
Essay Contents:
Essay on the Introduction to Industrialization
Essay on the Role of Industrialization
Essay on the Structural Changes and Reforms in Industries
Essay on the Growth and Structural Composition of Industries
Essay on the Evaluation of Industrial Performance
Essay # 1. Introduction to Industrialization:
India began her quest for industrial development after independence in 1947. The Industrial Policy Resolution of 1948 marked the beginning of the evolution of the Indian Industrial Policy. The Industrial Policy Resolution of 1948 marked the beginning of the evolution of the Indian Industrial Policy. The resolution not only defined the broad contours of the policy; it delineated the role of the state in industrial development both as an entrepreneur and as an authority. Successive policy resolutions also reiterated this basic tilt in favor of the public sector.
The Industrial Policy Resolution of 1956 gave the public sector a strategic role in the economy. It categorized industries which would be the exclusive responsibility of the state or would progressively come under state control and others. Earmarking the pre-eminent position of the public sector, it envisaged private sector co-existing with the state and thus attempted to give the policy framework flexibility.
The Industrial Policy initiatives undertaken by the Government since July 1991 have been designed to build on the past industrial achievements and to accelerate the process of making Indian industry internationally competitive.
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Answer:
INTRODUCTION
India began her quest for industrial development after independence in 1947. The Industrial Policy Resolution of 1948 marked the beginning of the evolution of the Indian Industrial Policy. The resolution not only defined the broad contours of the policy; it delineated the role of the state in industrial development both as an entrepreneur and as an authority. Successive policy resolutions also reiterated this basic tilt in favor of the public sector.
ROLE OF INDUSTRIALIZATION
There is a strong case for the industrialization of countries like India with vast human resources, large and varied natural resources and continental dimensions.
1. Raising Income:
The industrial development can provide a secure basis for a rapid growth of income. Industries produce products that are largely dependent upon man’s efforts. In the sphere of industries, man can, by putting in more effort and application of ever-improving technology, push on with the objective of producing more and more economic goods. In the industrial sphere it is possible to enlarge the scale of production.
Empirical evidences suggest a close relationship between the high level of income and industrial development. In the industrially developed countries, for example, the GNP per capita is as high as $ 27,510. It is very low at $420 for the low-income economies and around $ 1970 for the middle income economies.
2. Reduce Disparities in Export and Import Elasticity:
If an economy does not opt for industrial development, it may concentrate on the products of primary goods, export them, and get industrial goods from industrially developed countries. But such an economy may find it difficult to earn foreign exchange to import their manufactures.
The income-elasticity of export-goods of agricultural countries is low, while the income elasticity of import-goods is high. As in the case of domestic demand, the demand for agricultural products in other countries, in particular advanced countries, is very low.
In fact, developed countries have surpluses in agricultural products for exports. As against this, the demand for the import of manufactured goods by underdeveloped countries is very intense. The disparities in elasticity, therefore, point to the difficulty of earning adequate foreign exchange. India presents an example who cannot export to earn enough foreign exchange from the export of its primary products alone.
3. Meet High-Income Demands:
After having met the needs of food, incomes of the people are spent mostly upon non-food items. Beyond certain limits, the demands of the people are usually for industrial products alone. Till basic needs are met, the demand for agricultural products increases. Once agricultural production, including dairy production, reaches a point where the demand for food is completely met, its further expansion comes to a halt.
With the advancement on the industrial front, the proportion of natural raw materials in finished products has declined. Besides, the synthetics have greatly reduced the need for natural raw material. This points out to the fact that income-elasticity of demand for the manufactured goods is high and that of agricultural products low.
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it have more types but have written only 3