Major Industries of India

MAJOR INDUSTRIES IN INDIA

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CONTENT
  * INTRODUCTION
  * TEXTILE INDUSTRY
  * TOURISM
  * CHEMICAL INDUSTRY
  * ENGINEERING AND MACHINERY
  * TRANSPORTATION INDUSTRY
  * IT AND ITES INDUSTRY
  * BANKING AND INSURANCE
  * REAL ESTATE
  * AGRICULTURE
  * RETAIL AND WHOLESALE TRADE
  * CONCLUSION

MAJOR INDUSTRIES IN INDIA

INTRODUCTION
The Indian economy is the ninth largest economy of the world and also one of the fastest growing world economies. This growth is attributed to various Indian industries which have grown tremendously post independence to increase national income, to generate employment and to generate foreign earnings. India was initially an agriculture based economy but after liberalization norms of 1991 particularly, the services sector has taken a lead contributing the most to the gross domestic product. Presently the agricultural, manufacturing and service sector account for 16, 27, 57 percent of GDP respectively. The most important industries from the point of view of Indian economy are listed below:

TEXTILE INDUSTRY
Textile industry is a booming industry of India with India being one of the largest textile producers of the world. It makes a large contribution to the Indian economy in view of large proportions of its direct and indirect employees and its forex generation capacity. The textile sector accounts for 14 per cent of the total industrial production, contributes about 4 per cent to the national gross domestic product (GDP), and earns India 17 percent of its total exports. Around 35 million people are directly employed in textile industry. This means that after agriculture, the textile industry textiles employs second largest number of employees. Therefore, the development in this industry will definitely make the economy of the nation healthier.



TOURISM
Tourism is a still underdeveloped but potential sector in terms of contribution to the...