ROLE OF INDUSTRIALIZATION IN ECONOMIC DEVELOPMENT OF INDIA

In modern times, industry has an important contribution in the economic activities of man. The industrial development of any country usually depends on the economic condition and development of that country. Industrialization is a significant contributor to the social and economic change that transforms human society from an agrarian to an industrial development.  Industrialization is thus a process of continuous economic development, resulting in higher incomes and higher productivity. These are main needs of modern times and due to which we will not only get employment opportunities but also necessary raw materials will be available in sufficient quantity. The natural resources are forest and they are considered to primary sectors including agriculture and services sector. For this reason, agro-based industries which depend on agriculture for their raw material. Industries have been expanded in the secondary manufacturing sector to provide employment opportunities. The role of modernization in the development and expansion of industries is an integral part of our lives. We can say that economic development and expansion cannot be possible without industries. Industries are an essential part of our life.

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Keywords: Industries, Production, Raw Material, National Income, Agriculture, Goods and Services, Employment.


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