Automotive Mission Plan-II 2016-26

The Automotive Mission Plan-I 2006-16 sought to make India world’s destination choice for design and manufacture of automobiles and auto components. In September 2015, the Automotive Mission Plan-II 2016-26 (AMP 2016) has been released by the Government. This plan outlines ..

National Investment and Manufacturing Zones (NIMZ)

Each NIMZ is an integrated industrial township in minimum 5000 hectare (50 KM²) area. At least 30 per cent of the total land area would be devoted to manufacturing units It is a self governing body declared / notified / ..

Structural Changes in Indian Industries

There key changes that occurred in the Industrial structure of the country during planning period are as follows: Overall industrial production went up by 5 to 6 times In last 65 years,  Industrial overall production went up by five-six times, ..

Progress of Indian Industries during Five Year Plans

The analysis of progress of Indian Industries during the five year plans should be done in the light of achievements and failures during planning era. The achievements and failures are shown in the below graphics: Industrialization helped in development of ..

Industrial Growth Trends in India Since 1951

The structure of industries is dynamic and keep changing from time to time. The change in Industrial structure or Industrial development or growth during the planning era can be divided into four phases discussed as follows First Phase of High ..

Silk Arts in India

The Brocades of Banaras Varanasi is famous for its finest silk Sarees and brocades. These Sarees are known for rich and intricately woven motifs of leaf, flowers, fruits, birds, etc. on a soft color background. They are enriched with intricate ..

Industrial Growth in Third Five Year Plan

Both second and third plan emphasized on the development of heavy industries in the country but the third plan was the beginning of perspective planning in India. [Perspective planning refers to long-term planning in which long range targets are set ..

Industrial Growth in Second Five Year Plan

The second five year plan was based on Industrial Policy Resolution of 1956  and it accorded top priority to Industrialisation. Based on the Mahalanobis model, this plan emphasised the setting up of Basic and Heavy Industries so that a strong ..

Industrial Growth in First Five Year Plan

At the time of India’s freedom, the Indian Economy exhibited the features of underdeveloped economy. Most of the industries produced consumer goods such as cotton textile, sugar, soap, leather goods etc. The intermediate products industry was small, and capital goods ..

Various Types of Goods

In economy, any object that is ‘useful’ is good. Useful here means utility, not good or bad in moral sense. A good is different from service because while former is a tangible object, later is an action that benefits someone. ..