• SHEKHAR R.

Abstract The industries are economic agents of the country. The industries are engines of economic growth. The entrepreneurs are driven by different motives. They are the contributors of Govt. exchequers, international trade, social services and employment centers. The country’s growth rate depends on growth rate of industrial sector. The average job creation remains at 264 lakhs persons per year. The total collection of corporation taxes s increased. The industries are life blood of economy. Achievement of economic objectives and prosperity is not possible without industries. Since 1991 industrial sector is looking for the benefits of globalization. The industries are facing competition at international level. Change in industrial, commercial and labor laws is also one of the significant factors in the development. Recent announcement of establishment of Mudra bank (Micro Units Development and Refinance Agency) with initial funding of Rs 20 thousand corers is a positive step taken by government in this regard. The achievements of Disinvestment target is not as per expectations however recently the issue is properly taken up by the present government. With a strong industrial base, economic planning becomes less risky, being able to plan ahead also assists industrial growth with profits re-invested into infrastructure development which in turn helps to boost and attract industry.

Industrialisation, GDP, Employment, Five-Year Plans.

"A study on importance of Industrial Sector in Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.4, Issue 1, page no.492-499, January-2017, Available :http://www.jetir.org/papers/JETIR1701474.pdf

"A study on importance of Industrial Sector in Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.4, Issue 1, page no. pp492-499, January-2017, Available at : http://www.jetir.org/papers/JETIR1701474.pdf