Industrialisation in India
The effect of Industrialisation shown by rising income levels since 1500. The graph shows the gross domestic product (at purchasing power parity) per capita between 1500 and 1950 in 1990 International dollars for selected nations. [1]
Industrialisation (orindustrialization) is the process of social and economic change that transforms a human group from anagrarian society into an industrialone. It is a part of a widermodernisation process, where social change and economic developmentare closely related with technologicalinnovation, particularly with the development of large-scale energyand metallurgy production. It is the extensive organisation of aneconomy for the purpose ofmanufacturing.[2]
Industrialisation also introduces a form of philosophical change where people obtain a different attitude towards their perception of nature, and a sociological process of ubiquitous rationalisation.
There is considerable literature on the factors facilitating industrial modernisation and enterprise development.[3] Key positive factors identified by researchers have ranged from favourable political-legal environments for industry and commerce, through abundant natural resources of various kinds, to plentiful supplies of relatively low-cost, skilled and adaptable labour.
As industrial workers incomes rise, markets for consumer goods and services of all kinds tend to expand and provide a further stimulus to industrial investment and economic growth.
The first country to industrialise was the United Kingdom during the Industrial Revolution commencing in the eighteenth century.[4]
By the end of the 20th century, East Asia had become one of the most recently industrialised regions of the world . [5]
Description
According to the original sector classification of Jean Fourastié, an economy consists of a "Primary sector" of commodity production (farming, livestock breeding, exploitation of mineral resources), a "secondary sector" of manufacturing and processing (as paid work),
Industrialisation (orindustrialization) is the process of social and economic change that transforms a human group from anagrarian society into an industrialone. It is a part of a widermodernisation process, where social change and economic developmentare closely related with technologicalinnovation, particularly with the development of large-scale energyand metallurgy production. It is the extensive organisation of aneconomy for the purpose ofmanufacturing.[2]
Industrialisation also introduces a form of philosophical change where people obtain a different attitude towards their perception of nature, and a sociological process of ubiquitous rationalisation.
There is considerable literature on the factors facilitating industrial modernisation and enterprise development.[3] Key positive factors identified by researchers have ranged from favourable political-legal environments for industry and commerce, through abundant natural resources of various kinds, to plentiful supplies of relatively low-cost, skilled and adaptable labour.
As industrial workers incomes rise, markets for consumer goods and services of all kinds tend to expand and provide a further stimulus to industrial investment and economic growth.
The first country to industrialise was the United Kingdom during the Industrial Revolution commencing in the eighteenth century.[4]
By the end of the 20th century, East Asia had become one of the most recently industrialised regions of the world . [5]
Description
According to the original sector classification of Jean Fourastié, an economy consists of a "Primary sector" of commodity production (farming, livestock breeding, exploitation of mineral resources), a "secondary sector" of manufacturing and processing (as paid work),