Question

What are problems faced by Indian industries ?

Answer 1

many people face by indian industries approx 50% population

Answer 2

Foregoing analysis shows that India has made sufficient achievement in industrial development during the last five decades and has emerged as the tenth largest industrialized country of the world. But considering the size of the country this development is far from satisfactory.

There are many areas where despite requisite facilities industrial development is either insufficient or completely absent. The pace of industrial progress has been very slow and the growth has always lagged behind the target (except in 7th Five Year Plan). Despite industrial progress self- sufficiency is a distant dream and import substitu­tion a major problem. Under utilization of existing capacity is another major problem which is due to lack of power, raw material and demand.

Industry has developed elite oriented pattern. Concentration of economic power in the hands of few, regional imbalances, sickness of industries, loss in public sector industries, unsatisfactory labour relations, lack of capital and industrial raw materials, chang­ing policy of the government, and defective licens­ing policy are some of the problems which are hindering the overall industrial development in the country. In following paragraphs an attempt has been made to highlight some of these problems.

1. Unbalanced Industrial Structure.

2. Low Demand.

3. Regional Concentration.

4. Loss in Public Sector Industries.

5. Industrial Sickness.

6. Lack of Infrastructure.

7. Improper Location Base.

8. Lack of Capital.

9. Shortage of Industrial Raw Material.

10. Higher Cost of Production and Low Quality of Goods.

11. License Policy.

12. Lack of Institutional Organization.

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