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Classification of Industries in India

May 1, 2024 350 0

Industries are the backbone of a nation’s economy, providing essential goods and services while driving growth and development. They are classified based on various factors like raw materials, output, ownership, mode of operation, and size, reflecting the diverse nature of industrial activities.

Diverse Classifications of Industries

1. Based on Raw Materials

  • Agro Based Industries: Raw material sourced from the agriculture sector. 
    • Example: Cotton, sugar etc.
  • Mineral Based Industries: Raw material sourced from mining. 
    • Example: Iron & steel, cement etc.
  • Forest Based Industries: Raw material sourced from forest. 
    • Example: Paper industry, Timber etc

2. Based on Output

  • Basic or Key Industries: Supply their goods to other industries
    • Example: Iron & steel
  • Consumer Industries: Produce goods for direct consumption
    • Example: Toothpaste, Television etc

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3. Based on Ownership

  • Public Sector: Owned & operated by the government
    • Example:  BHEL, SAIL etc.
  • Private Sector: Owned & operated by private individuals. 
    • Example: TISCO, RIL.
  • Joint Sector: Jointly run by state & private players. 
    • Example: OIL
  • Cooperative Sector: Owned & operated by the producers and suppliers of raw materials, workers or both. 
    • Example: Sugar industry in Maharashtra.

4. Based on Mode Of Operation

  • Labour Intensive Industry: Large no. of skilled unskilled or semi-skilled labour is employed. 
    • Example: Textile, leather & footwear.
  • Capital Goods Industry: Manufactures machine tools, heavy electrical equipment, heavy transport vehicles, mining & earth moving tools etc.
  • Industries with Strategic Significance: Industries which are critical for the purpose of earning foreign exchange, research & defence. 
    • Example: Aerospace, shipping, electronics & telecommunication, defence equipment etc.

5. Based on Size

  • Small-scale Industries: Use a lesser amount of capital investment and technology, and produce a small volume of products. 
    • Example: handicrafts, cottage industries etc.
  • Large-scale Industries: Investment of capital is higher and the technology used is superior in large scale industries. 
    • Example: automobile industry, heavy machinery industry etc.

Types of Manufacturing Industries (MSME)

CLASSIFICATION MICRO SMALL MEDIUM
Manufacturing Enterprises and Enterprises rendering Services
  • Investment in Plant and Machinery or Equipment: Not more than Rs. 1 crore 
  • Annual Turnover not more than Rs. 5 crore
  • Investment in Plant and Machinery or Equipment: Not more than Rs. 10 crores and 
  • Annual Turnover not more than Rs. 50 crore
  • Investment in Plant and Machinery or Equipment: Not more than Rs. 50 crores and 
  • Annual Turnover not more than Rs. 250 crore

 

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Conclusion

  • From agro based industries sourcing raw materials from agriculture to large-scale manufacturing enterprises contributing to the economy, the industrial sector is a vital component of society.
  • By understanding the classifications of industries, we gain insights into their roles, contributions, and significance in shaping the economic landscape of a country.
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Agro Based Industries: Cotton, Textile & Sugar Industry, Impact on Economy Foreign Exchange Market: Factors and Government Interventions
ocean currents Industries: High Tech Industries, Materialization & Innovation

 

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 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key

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 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key

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AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

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