Question

compare and contrast textile and iron and steel industry in India​

Answer 1

Answer:

gujarat..................

Explanation:

je

Answer 2

Explanation:

Steel even today is decidedly the vital component of a country’s economy and is consi­dered as the crux of modernization. The level of per capita consumption of steel is treated as one of the important indicators of socio-economic development and living standards in any country. Steel continues to be the foremost engineering material and is environment-friendly and is recyclable. It is a product of large and technologically complex industry having strong forward and backward linkages in terms of material flow and income generation.

The Indian iron and steel industry is nearly a century old, with Tata Iron & Steel Co. (Tata Steel) as the first integrated steel plant to be set up in 1907. It was the first core sector to be completely freed from the licensing regime (in 1990-91) and the pricing and distribu­tion controls.

The steel industry is expanding worldwide. For a number of years it has been benefiting from the exceptionally buoyant Asian economies (mainly India and China). The economic modernization processes in these countries are driving the sharp rise in demand for steel.

The finished steel production in India has grown from a mere 1.1 million tonnes in 1951 to 56.08 million tonnes in 2007-08. The growth in the steel sector in the early decades after independence was mainly in the public sector units. However, the following adop­tion of new economic policy and subsequent deregulation and decontrol of Indian Iron & Steel Sector, the 1990’s witnessed accelerated growth in the private sector catapulting its share from 45% in 1992-93 to 76% in 2007-08.

Steel exports from India began in 1964. Exports in the first five years were mainly as a result of recession in the domestic Iron and Steel market. Exports subsequently declined due to revival of domestic demand. India once again started exporting steel in 1975 only to witness slump again due to declining domestic demand. Post liberalisation, rejuvena­tion in the steel sector, resulted in large-scale exports of iron and steel. In 1991-92, the main producers exported 3.87 lakh tonnes.

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