3. • The India Industry Sector and agricultural sector now
comprises of more than half of India's GDP which
amounted to 51.16 per cent in 1998-99. The number of
Industries in India have multiplied by a large amount in the
last few years. The various Sectors in Indian Industry are
gaining more and more importance. As India is a developing
country the Iron & Steel Industry in India, IT Industry in
India, Indian Travel & Tourism Industry, Food and
Beverage Industry in India and various other types of
industries are coming to the forefront and taking the
center stage.

4. • The Indian economy had grown by 5.4 per cent in 2001-02,
which included a growth rate of 3.3 percent in the India
Industry Sector. While the Indian Industry Sector grew by
3.3 per cent, the various segments in the industry like
construction showed a lower growth in 2000-01, whereas,
there was a marked improvement in the growth rates of
manufacturing (from 4.2 per cent in 1999-2000 to 6.7 per
cent in 2000-01) and mining and quarrying (from 2 per cent
to 3.3 per cent during the same period). The growth rate of
electricity, gas and water supply remained almost unchanged
at around 6.2 per cent for both 1999-2000 and 2000-01.

5. • INDIA MACHINERY INDUSTRY
• INDIA MATALLURGICAL INDUSTRY
• INDIA STEEL INDUSTRY
• INDIA CHEMICAL INDUSTRY
• INDIA TEXTILE INDUSTRY

6. • India Machinery Industry is the core around which all
the industrial manufacturing takes place in the
country. The machinery industry in India has amply
demonstrated its potential in meeting the enormous
demand of good both in the domestic as well as the
international market. The machinery industry in India
forms the backbone of the manufacturing sector by
supplying all the necessary equipments and machinery
required for production.

7. • India can be said to be the founder of
World Metallurgical Industry. Many people
are ignorant of the fact that the art of
bronze casting is in practice in India since
centuries long. A metal image of the dancing
girl that was unearthed at Mohenjo-Daro
holds testimony to this.

8. • India is the fifth largest producer of steel in the world.
India Steel Industry has grown by leaps and bounds,
especially in recent times with Indian firms buying steel
companies overseas. The scope for steel industry is huge
and industry estimates indicate that the industry will
continue will to grow reasonably in the coming years with
huge demands for stainless steel in the construction of new
airports and metro rail projects. The government is
planning a massive enhancement of the steel production
capacity of India with the modernization of the existing
steel plants.

9. • The India chemical industry has come a long way from the days
of production of primary chemicals in the closed market economy
to becoming a grown up industry in the open market economy.
• After the 1991 liberalization policy, India experienced a rapid
growth in the economy. With the opening of the market new
opportunities cropped up for the industries in the India.
Alterations such as abolition of licensing regulations helped the
heavy chemicals industry in India to grow along with the
country's economy.

10. • India textile industry largely depends upon the textile
manufacturing and export. It also plays a major role in the economy
of the country. India earns about 27% of its total foreign exchange
through textile exports. Further, the textile industry of India also
contributes nearly 14% of the total industrial production of the
country. It also contributes around 3% to the GDP of the country.
India textile industry is also the largest in the country in terms of
employment generation. It not only generates jobs in its own
industry, but also opens up scopes for the other ancillary sectors.
India textile industry currently generates employment to more than
35 million people. It is also estimated that, the industry will
generate 12 million new jobs by the year 2010.

11. • The importance of industry is what it provides for
the people or companies engaged in a particular
kind of commercial enterprise. Industry provides
goods to consumers. The consumer gleans the
benefit of the goods -- which enhances their
existence by augmenting or provisioning food,
clothing, or shelter -- and even entertainment.