Indian industries

Economic reforms in india New Industrial Policy Under Industrial Policy, keeping in view the priorities of the country and its economic development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses and other controls. In order to encourage modernisation, stress has been laid upon the use of latest technology. A great reduction has been effected in the role of the public sector.  Efforts have been made to encourage foreign investment. Investment decision by companies has been facilitated by ending restrictions imposed ... Read more

Urban Indian economy after 1858 During this period, the Indian economy essentially remained stagnant, growing at the same rate (1.2%) as the population.  India also experienced deindustrialization during this period. Compared to the Mughal era, India during the British colonial era had a lower per-capita income, a large decline in the secondary sector, and lower levels of urbanization. India’s share of the world economy and share of global industrial output declined significantly during British rule. Some of the important features of Indian urban economy during this period are as follows: Deindustrialization In the seventeenth century, India was a relatively urbanised ... Read more

Decline of handicrafts during British period India’s traditional village economy was characterised by the “blending of agriculture and handicrafts”.  But this internal balance of the village economy had been systematically slaughtered by the British Government. In the process, traditional handicraft industries slipped away, from its pre-eminence and its decline started at the turn of the 18th century and proceeded rapidly almost to the beginning of the 19th century.  This process came to be known as ‘de-industrialisation’—a term opposite to industrialisation. The use of the word ‘de-industrialisation’ could be traced to 1940. Its dictionary meaning is ‘the reduction or destruction of ... Read more

Development of Railway, Industralization and constitutional development during British period   Railway The British created the Indian Railways. They envisioned it, planned it, engineered it and instructed poor Indian laborers how to build it. There is a common misconception that the British “gifted” India the Railways. Nothing could be more wrong. The British did not build the Railways out of love for India or seeing the need to “prosperify” vast masses of poor Indians. They couldn’t have cared less. In order to govern this huge, disconnected and diverse country efficiently, they needed stuff to be moved around the country quickly, ... Read more

TRIBES of CHHATTISGARH Chhattisgarh, a state that is at the vanguard of Indian industries and also a repository of minerals has a diverse cultural legacy. Chhattisgarh and tribal culture are two tautological terms since a third of the state’s populace is dominated by tribals. The tribes of Chhattisgarh are unique race who mainly inhabit the dense forests of Bastar. In fact more than 70% of Bastar’s population is composed of tribals who account for 26.76% of Chhattisgarh’s entire tribal populace. The lifestyle of the tribal people is unique and imbibed with traditional rituals and superstitions. They are a friendly and ... Read more