Why India Industrialization Has Been Slowed

Abstract This paper assesses the reasons industrialization in India has been slowed. From Indias independency in 1947 until now, the industrialization has been slowed individual to China and other vitamin E Asiatic countries such as Japan or snatch Korea. Its economic evolution has been well stagnant during 1960s-1980s, with offset shop average of 3-5% annually, referring as Hindi rate of growth. Although in 1991, India triggered speed up of industrialization and economic growth by changing its cultivation policy to export orientated industrialization, strengthened by SEZs cue in 2005, the rate of growth was still not the aforementioned(prenominal) aim as at the conviction East Asiatic countries had developed. The study reasons were the policy-making body, development policies, demesne acquisition and substructures. The Indian political system was considered as parliamentary democracy, with patronage system deep-rooted in India society. It did touch on the decision making act of Indian development, led to protectionist development policies on industrial welkin. These protections alter the efficiency in industrial vault of heaven, thus influence flake of industrial sector. Despite the position that India had its EOI policy, acquiring land was harsh, facing protests from rural farmers.

Also, existing infrastructure has been in low prop; incur higher constitute to industrial sector. Introduction India is considered to be abundance in term of resources. The bring land ranks seventh in the world, and total population ranks warrant behind China, with nigh 1 billion people. Total urinate strong suit in India was approximately 142 million. However, The Indian labor force in industrial sector was merely 2 per centum of total labor force. The manufacturing sleep wheel to gross domestic product was miniscule, only(prenominal) 14.7 percent to total GDP in 2008-2009, compare to 42.9% in China at the alike twelvemonth (Chinese Statistical year book, 20009.) Industrialization in India has sooner been slowed relational to East Asian countries (Reserved...If you want to get a overflowing essay, order it on our website: Ordercustompaper.com

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