Post Reforms Industrial Development in India With Special Reference to Maharashtra

Abstract

Industrialization and Industrial development are synonymous. Rapid industrialization is a means to achieve higher rate of growth in order to raise the standard of living of people. The present study is an attempt to take a review of industrial development in India with special reference to Maharashtra, in terms of industrial development of India, there was a growth in all indicators of industrial development except employment in post reforms period from 1990 to 2012–13. Other indicators showed considerable growth as factories by 521% fixed capital by 7366% gross output by 133288%, employment by 345%,and value added by 74864% the degree of achievement of India is less than other developing countries. In case of industrial development Maharashtra over the period from 1993-94 to 2012-13, it is noticed that there was a rise in all indicators as 334% in number of workers, 2357% in number of working and registered factories, 362512% in fixed capital, 159707% in value added and 15369% in consumption of electricity for industrial use. Maharashtra enjoys the top position among the select leading states in case of industrial development. It has also been found that there has been inter-state imbalance in industrial development in India. It is suggested that more efforts should be made for industrial growth in the country.

Keywords: Industrial Development

JEL Classification: 014