May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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| 262 | Part III: The Economics of Development
gamut of consumer, intermediate and capital goods. “The progress
India has made in the fi eld of industrialization is clearly refl ected
in the commodity composition of India’s foreign trade in which the
share of imports of manufactured goods has steadily declined; on
the other hand, industrial products, particularly engineering goods
have become a growing component of India’s exports.”
19
There has been a substantial increase in industrial production
especially in coal, iron ore, cement, fertilizers and aluminium
industries; also in metallurgical, chemical and allied industries. The
most noteworthy development of Indian industrialization during
the period between 1951 and 2001 has been the diversi ...
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