Industries in India

Industry

  • Industry implies the transformation of existent materials into something new, into goods that are used as end-products themselves, or are utilized to manufacture more goods.
  • Industries can be classified into several groups. A brief account is given below:

1. On the basis of strength of Labour:

  1. Large-scale Industries
  2. Medium-scale Industries
  3. Small-scale Industries

2. On the basis of Raw Material and Finished Goods:

  1. Heavy Industries: Industries, which use heavy and bulky raw materials and produce products of the same category, are called heavy industries. Iron and steel industry presents a good example of heavy industries.
  2. Light Industries: The light industries use light raw ....
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Indian Economy