explain the phases of industrial development
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Thus, a strong industrial base was laid during the first phase covering the first three plan periods. 2. Second Phase (1965-80): Deceleration and Retrogression: The second phase of industrial growth covers the period of three Ad-hoc Annual Plans, Fourth Plan and Fifth Plan.
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Explanation:
The industrial growth pattern in India can be divided into four phases as explained below: 1. First Phase (1951-65): Strong Industrial Base: ... The capital goods industries had registered its annual average compound growth rate between 9.8 per cent to 19.6 per cent during this period.
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