The Economy of Maharashtra — Economics STD 11 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsEconomicsThe Economy of Maharashtra4 Marks
Question
Explain the major problems in the industrial sector of Maharashtra.
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Answer
Major problems in the industrial sector are as follows:
On the government level, the decision-making system is so poor that it results in huge cost escalation, increasing interest burden, and higher burden on consumers.
India’s population is very high but there is a shortage of trained, well-educated, energetic, and experienced people.
The technology used in industries is outdated and it affects production.
Lack of infrastructures like transportation, communication, sewage, water, and electric system available at a high cost, results in an increase in production cost.
Due to a lack of motivation for new entrepreneurs, self-motivation will help to achieve the entrepreneurial goals.
Regional imbalances exist in all sectors of the economy. Especially, it is found more in the industrial sector.
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