What are the problems associated with industrial development?
These challenges include inadequate power supply, management problems, lack of working capital, culture of business investment, government policies and interference and globalization. It is therefore recommended that industrial development should be vigorously pursued for the overall economic development of the State.
What were the weakness in India’s industrial development?
The Industrial sector was extremely underdeveloped with very weak infrastructure. The lack of government support to the industrial sector was considered as an important cause of underdevelopment. The structure and concentration of ownership of the industries were in few hands.
What was a negative consequence of industrial capitalism?
Terms in this set (20) Industrial Revolution. What was a negative consequence of industrial capitalism? Factory workers were treated poorly.
What are the weakness of industrial development?
Maximum number of Indian industries are suffering from mis-utilization capacity. The average level of utilization in a number of industries in India ranged between 50% to 60%. The main reasons are lack of raw materials, frequently power cuts, labour problems, deficient demand etc.
What are the shortcomings of new industrial policy?
There have been certain drawbacks in the Industrial Policies as well. Some of such criticisms include – stagnation of the manufacturing sector, labour displacement, selective investment flow, and general lack of incentives for enhancing efficiency, among others.
What are the cons of the Industrial Revolution?
List of Cons of Industrial Revolution
- Hard Labor and Bad Work Conditions. Working from factories was exhausting, where people worked longer hours under bad conditions, which led to illnesses and even death.
- Over-Population.
- Loss of Craftsmanship.
- Pollution.
- Less Healthier Lifestyle.
- Unemployment.
- Diseases.
Who suffered due to industrialization?
The poor workers, often referred to as the proletariat, suffered the most from industrialization because they had nothing of value except their…
What are two shortcomings of industries in India?
Therefore, the service-oriented industrial structure, especially the development of high-tech services, to a certain extent, is not conducive to the transfer of India’s large number of rural surplus labor that still takes comprise 66.4% of India’s overall labor force population by 2017.
What are the limitations of industrial policy in India?
Limitations of Industrial Policies in India Absence of incentives for raising efficiency: Focussing attention on internal liberalisation without adequate emphasis on trade policy reforms resulted in ‘consumption-led growth’ rather than ‘investment’ or ‘export-led growth’.
What are the major disadvantages of the Industrial Revolution?
What are the cons of the industrial revolution?
What are the problems and obstacles of industrialization in India?
The following are some of the major problems and obstacles that are being faced in the process of industrialization of the country: 1. Poor Capital Formation: Poor rate of capital formation is considered as one of the major constraint which has been responsible for slow rate of industrial growth in India.
Why was the industrial sector of India underdeveloped?
The Industrial sector was extremely underdeveloped with very weak infrastructure. The lack of government support to the industrial sector was considered as an important cause of underdevelopment. The structure and concentration of ownership of the industries were in few hands.
Why is there low demand for industrial products in India?
There is low demand for industrial products in the country due to low consumption level, weak purchasing power and poor standard of living. The domestic market is chronically underdeveloped through lack of enthusiasm generated by the middle and upper class segment who do not wish to raise their standard and improve their living conditions.
Why are first three years of industrial development important in India?
The First Three-Five Year Plans are important because their aim was to build a strong Industrial base in India. This first phase of Industrial development in India laid the foundation for strong Industrial Phase. As a result, the first Three Plans witnessed a strong acceleration in the growth rate of the Industrial production.