INDIAN INDUSTRIES A GLANCE

Large Scale Industries

The term “Large scale industries” refers to those industries which require huge infrastructure, manpower and a have influx of capital assets. The term ‘large scale industries’ is a generic one including various types of industries in its purview. All the heavy industries of India like the iron and steel industry, textile industry, automobile manufacturing industry fall under the large-scale industrial arena.

However, in recent years due to the IT boom and the huge amount of revenue generated by it the IT industry can also be included within the jurisdiction of the large-scale industrial sector. Indian economy is heavily dependent on these large industries for its economic growth, generation of foreign currency and for providing job opportunities to millions of Indians.

The following are the major large-scale industries in India.

8 core Industries

It comprises of major industries which has higher production. There is an index of industrial production which focuses on the major 8 core industries, and it acts as a parameter to show industrial growth and economic development.

This index is released by the Office of Economic Adviser within the Department for Promotion of Industry and Internal Trade released the Index of Eight Core Industries (ICI). The government has major stake in this core industries and regulates its activities through ministry and policies.