Highlight the achievements of India's industrial sector during the first seven plans (1950-91).
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Indeed the achievements of India's industrial sector during 1950-1991 was quite impressive.
- The proportion of GDP contributed by the industrial sector more than doubled in this period from 11.8% in 1950-51 to 24.6% in 1990-91. This rise is an important indicator of development.
- The industrial sector of the economy became quite diversified by 1990; on account of largely the public sector.
- It was the promotion of small scale industries which provided opportunities to those people who did not have the capital to start their own business.
- Protection from foreign competition facilitated the development of indigenous industries in the areas of automobiles and electronics.
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