India is one among the few top countries where industrialization is taking place at a rapid rate. This status of industrialized nation is an outcome of deliberate and conscious planning, especially from second five year plan onwards. To achieve still higher growth and more real benefits out of industrialization, India is moving more rapidly on this selected path, by liberalizing the economy in 1991. However, how far this race on the path of industrialization helps Indian Economy in the long run, is an issue to be examined. This is because rapid industrialization may affect the quality of environment, if it is not properly regulated. Industrialization is an engine for economic growth. Economic growth implies an increase in output of goods and services generated by economic activity. It is also true that industrialization is creating a high-risk environment. Because, rapid development of technical and socioeconomic changes on a large scale, due to greed of the rich people or / and need of the poor people causing environmental deterioration. If the structural changes that are taking place in the industry over time are in favour of pollution intensive industries and if they are growing very fast, in the absence of effective pollution control measures, there is a need for deliberate attempts to make the industry environment friendly. This study attempts to examine the effectiveness of the functioning of PCB's in monitoring the industries indirectly by assessing the status of environment at various places in India using the information drawn from secondary sources.

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Keywords: Environment, Degradation, Deterioration, Economic, Development, Structure, Technology.

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