Indisutrial Development

Industrial development provides basic infrastructure necessary for the development of the economy as a whole. Adoption of planning in 1951 created a favourable atmosphere for the development of industries in India.
A large number of industries have been established in the post-independence India in private, public and joint sectors. Bhilai, Bokaro, Rourkela, Ranchi, Renukoot emerged as major centers during the first one and half decades of independence. There are a lot of industrial resources and raw materials available in India.
Industrial Sector makes up 18% of India`s GDP and employs 19% of the labour force. The major sub-industries include textiles, chemicals, food processings, sugar, steel, transportation equipment, cement, mining, petroleum, machinery, software and pharmaceuticals.
'Make in India' initiative aims at giving global recognition to the Indian economy and also place India on the world map as manufacturing hub.
Eight core infrastructure industries grew by 3.4 per cent in January 2017, as compared to 5.7 per cent in January 2016.
The growth of these industries during April-January 2016-17 was 4.8 per cent, as compared to 2.9 per cent during the corresponding period of previous year.
Growth in GDP: Industry (as per Advanced Estimates) in 2015-16: 7.3%
Indian Economy