What is Industrialisation?

The transition from predominantly agrarian to mass-produced, technologically advanced goods and services is known as industrialization. Increased standards of life, a transition from rural to urban labour, and exponential increases in production are all characteristics of this phase.

Role of Industrialisation in Indian Economy:

industrialization’s contributions to a country’s economic growth Income per capita rises as industrialization occurs. Increased industrialization increases employment possibilities. Returns from industrialization are rising.

The role of Industrialisation In the development of Indian economy can be analysed in following.

1.Income growth per person.

2.Increasing the global trade.

3.High level of Investment.

4.Generation of employment

5.Meet the requirement of People.

Factors of Industrialisation:

1.Natural resources

2.Capital

3.Workers

4.Transport facility

5.Consumers

6.Technologies.

7.Government.

Importance of Industrialisation:

The world’s economic development has benefited greatly from industrialization. The method has raised productivity and enabled mass production, which has raised living standards.India currently has the sixth-largest economy in the world. More employment prospects in both small- and large-scale industries result from industrialization. Farmworkers who are underemployed or jobless are absorbed by industry in an industrial economy, raising overall income.

Benefits of Industrialisation:

1.Increasing the job opportunities.

2.Provision of goods

3.Low price of Goods

4.Increasing production and efficiency

5.Increasing economy.

Disadvantages of industrialisation:

1.Environment pollution is the main cause of industrialisation.

2.Urbanization

3.Poor working conditions

4.Less number of workers work more time

5.Resource consumption.