Industries can be classified based on ownership into the following categories
→ Private Sector Industries These are owned and operated by individuals or a group of individuals. Their examples include privately-owned manufacturing companies, small businesses and corporations.
→ Public Sector Industries These are owned and operated by the government. Their examples include government-run enterprises like Hindustan Aeronautics Limited and Steel Authority of India Limited
→ Joint Sector Industries These are owned and operated by both the state government and individuals or a group of individuals. Their examples include Maruti Udyog Limited, where the government and private individuals collaborate in ownership and management,
→ Co-operative Sector Industries These are owned and operated by the producers or suppliers of raw materials, workers, or both, who form cooperatives. Their examples include Anand Milk Union Limited (AMUL) and Sudha Dairy, which are successful cooperative ventures where farmers and dairy workers collectively own and manage the industry.