This PSEB 10th Class Social Science Notes Economics Chapter 4 Industrial Development in India will help you in revision during exams.
PSEB 10th Class Social Science Notes Economics Chapter 4 Industrial Development in India
→ Industrial Development: Enhancement of the efficiency of existing industries, increase in production capacity, and establishment of new industries is known as industrial development.
→ Need for Rapid Industrialisation: Rapid industrialization is needed for a balanced economy, increase in employment, increase in national income, lowering the pressure of population on land, for national defence, self-dependence, and for the production of socially useful goods.
→ Present Industrial Structure in India: India’s present industrial structure includes Public Sector, Private Sector, and Joint Sector, Non-Factory Manufacturing units such as Cottage and Small industries, and Factory Manufacturing Units such as FERA companies and MRTP companies.
→ Public Sector: Public Sector undertakings are those which are owned by the government in the welfare of the society.
→ Private Sector: Private Sector undertakings are owned by private persons for-profit motive.
→ Joint Sector: Joint Sector undertakings are jointly owned by the government and private sector.
→ Cottage Industries: These industries are completely or partially run by the members of a family either as a whole-time business or as a part-time business.
→ Small Scale Industries: Small Scale industries are those which have an investment of ₹ 3 crores in fixed capital.
→ Large Scale Industries: Large scale industries are those industries where the amount of fixed capital investment is big.