Enumerate the problems faced by Indian industries in post independence time.
Enumerate the problems faced by Indian industries in post independence time.
The following problems are faced by Indian industries which ultimately affect industrial growth :
(i) Underutilisation of Capacity: A large number of our industries suffer from the problem of underutilisation. Resources are not being used to their optimum capacity.
(ii) Absence of World Class Infrastructure: The inadequate transport facilities frequent power failures and pathetic condition of roads have affected the growth on industry
(iii) High-cost industrial Economy: The prices of manufactured goods and services in India are generally much higher than international prices.
(iv) Inadequate Employment Generation: The process of industrialisation has failed to solve the problem of unemployment in India. Factory employment absorbed only 2% of the workforce in 1980.
(v) Poor Performance of Public Sector: A large number of public sector units are running in losses.
(vi) Sectoral Imbalances in India: Industrial development suffers due to inadequate support from the agricultural sector and poor infrastructural facilities.
(vii) Regional Imbalances: Industrial development continues to be imbalanced. Tamil Nadu, Maharastra, Andhra Pradesh, and Gujrat account for 50% of total factories and 50% of productive capital. The rest of the country accounts for the remaining portion.
The following problems are faced by Indian industries which ultimately affect industrial growth :
(i) Underutilisation of Capacity: A large number of our industries suffer from the problem of underutilisation. Resources are not being used to their optimum capacity.
(ii) Absence of World Class Infrastructure: The inadequate transport facilities frequent power failures and pathetic condition of roads have affected the growth on industry
(iii) High-cost industrial Economy: The prices of manufactured goods and services in India are generally much higher than international prices.
(iv) Inadequate Employment Generation: The process of industrialisation has failed to solve the problem of unemployment in India. Factory employment absorbed only 2% of the workforce in 1980.
(v) Poor Performance of Public Sector: A large number of public sector units are running in losses.
(vi) Sectoral Imbalances in India: Industrial development suffers due to inadequate support from the agricultural sector and poor infrastructural facilities.
(vii) Regional Imbalances: Industrial development continues to be imbalanced. Tamil Nadu, Maharastra, Andhra Pradesh, and Gujrat account for 50% of total factories and 50% of productive capital. The rest of the country accounts for the remaining portion.
