The size of India’s population provided it a large home market and the country had some natural resources (coal and Iron) a large and cheap labour force and outputs from agriculture (cotton, Jute) Mineral resources encouraged the government to develop heavy industries, such as Iron and steel, shipbuilding and chemicals. Despite these advantages development was relatively slow and only benefited a few growth centers. In addition, by the 1980’s, many heavy industries were in decline, Industrial policy has changed to emphasize Agri-industries, consumer goods industries and small craft industries, rural development (community based development and self-help schemes) and high technology industries. | The size of India’s population provided it a large home market and the country had some natural resources (coal and Iron) a large and cheap labour force and outputs from agriculture (cotton, Jute) Mineral resources encouraged the government to develop heavy industries, such as Iron and steel, shipbuilding and chemicals. Despite these advantages development was relatively slow and only benefited a few growth centers. In addition, by the 1980’s, many heavy industries were in decline, Industrial policy has changed to emphasize Agri-industries, consumer goods industries and small craft industries, rural development (community based development and self-help schemes) and high technology industries. |