• The India Industry Sector and agricultural sector now comprises of more than half of Indias GDP which amounted to 51.16 per cent in 1998-99. The number of Industries in India have multiplied by a large amount in the last few years. The various Sectors in Indian Industry are gaining more and more importance. As India is a developing country the Iron & Steel Industry in India, IT Industry in India, Indian Travel & Tourism Industry, Food and Beverage Industry in India and various other types of industries are coming to the forefront and taking the center stage.
• The Indian economy had grown by 5.4 per cent in 2001-02, which included a growth rate of 3.3 percent in the India Industry Sector. While the Indian Industry Sector grew by 3.3 per cent, the various segments in the industry like construction showed a lower growth in 2000-01, whereas, there was a marked improvement in the growth rates of manufacturing (from 4.2 per cent in 1999-2000 to 6.7 per cent in 2000-01) and mining and quarrying (from 2 per cent to 3.3 per cent during the same period). The growth rate of electricity, gas and water supply remained almost unchanged at around 6.2 per cent for both 1999-2000 and 2000-01.
• INDIA MACHINERY INDUSTRY• INDIA MATALLURGICAL INDUSTRY• INDIA STEEL INDUSTRY• INDIA CHEMICAL INDUSTRY• INDIA TEXTILE INDUSTRY
• India Machinery Industry is the core around which all the industrial manufacturing takes place in the country. The machinery industry in India has amply demonstrated its potential in meeting the enormous demand of good both in the domestic as well as the international market. The machinery industry in India forms the backbone of the manufacturing sector by supplying all the necessary equipments and machinery required for production.
• India can be said to be the founder of World Metallurgical Industry. Many people are ignorant of the fact that the art of bronze casting is in practice in India since centuries long. A metal image of the dancing girl that was unearthed at Mohenjo-Daro holds testimony to this.
• India is the fifth largest producer of steel in the world. India Steel Industry has grown by leaps and bounds, especially in recent times with Indian firms buying steel companies overseas. The scope for steel industry is huge and industry estimates indicate that the industry will continue will to grow reasonably in the coming years with huge demands for stainless steel in the construction of new airports and metro rail projects. The government is planning a massive enhancement of the steel production capacity of India with the modernization of the existing steel plants.
• The India chemical industry has come a long way from the days of production of primary chemicals in the closed market economy to becoming a grown up industry in the open market economy.• After the 1991 liberalization policy, India experienced a rapid growth in the economy. With the opening of the market new opportunities cropped up for the industries in the India. Alterations such as abolition of licensing regulations helped the heavy chemicals industry in India to grow along with the countrys economy.
• India textile industry largely depends upon the textile manufacturing and export. It also plays a major role in the economy of the country. India earns about 27% of its total foreign exchange through textile exports. Further, the textile industry of India also contributes nearly 14% of the total industrial production of the country. It also contributes around 3% to the GDP of the country. India textile industry is also the largest in the country in terms of employment generation. It not only generates jobs in its own industry, but also opens up scopes for the other ancillary sectors. India textile industry currently generates employment to more than 35 million people. It is also estimated that, the industry will generate 12 million new jobs by the year 2010.
• The importance of industry is what it provides for the people or companies engaged in a particular kind of commercial enterprise. Industry provides goods to consumers. The consumer gleans the benefit of the goods -- which enhances their existence by augmenting or provisioning food, clothing, or shelter -- and even entertainment.