‘We need industry, growth, investment’ was the concluding comments of a member of parliament from the state of Orissa, India (rediff news, 2007). He echoes the general view of his fellow citizens that industrialization is a must for a sustainable growth and better life.
The chapter would be divided into various sections to analyze the relevant areas in detail. The first section would provide a comprehensive review on requirement of Industrialization for the development. This would be followed detail study of Indian Industrialization segregated in three different parts Growth, Maturity and Future. In the following part discussion will be done on different effects of Industrialization in India. The next chapter will give a detail view of importance Land with its different paradigm like its reform and acquisition process. To examine the industries’ response on the affected ...view middle of the document...
’ For example, countries like Britain (eighteenth-century) or Korea and Japan (twentieth-century) grew rich by successfully industrializing their economies. Researches’ (Clark, 2001; Meyer, 2003; Crothers, 2003), shows that there was radical change in the field of Science and Technology; with an effect of unprecedented growth in population and significant percentage of surplus workforce from the farming helped to drive the industrialization, which proves that agricultural development had a direct impact on the industrial revolution. However, industrialization is a very complex, multifaceted process. It may also be described as a process of capital accumulation, or adoption of a new technology. It is also a shift of resources from agriculture to manufacturing (Matsuyama, 1991, p.621).
Maizels (1963) (cited in Sharma et at (2008)) concluded that industrialization of any region plays a crucial role in the development by raising income, creating and widening employment opportunities, expanding trade and commerce, increasing the capital formation and changing technology. Bognar (cited in Sharma et al, 2008), describes that industrialization affects the technological standards of the region along with their habits, the way they think, the way they organize their actions, processes and events in their lives. Kerr (2002, cited in Sharma et al (2008)) points out that industrialisation helps to create an increasing level of general education for all, not only because it facilitates flexibility among the work-force, but also because as incomes rise, natural curiosity increases for formal education. Similarly, Prasad (1957 cited in Sharma et al (2008)) says industrialization is not only confined to economic sector of the region but also shapes the social life. Thus, a region or a country needs industrialization not only to influence the economic sphere like raising income and employment opportunities but also influencing social and cultural aspects like increased opportunities in education, superior living standards, good health amenities and greater infrastructure facilities.