A Glance At The Major Industrial Sectors Of India
The growth of Indian industries has tremendously increased in stature from the time of post independence. With a lot of global changes that widely affects the Indian economy, there are a very few industries that tend to perform well in adverse conditions. Some of the major industrial growth in the recent times has been witnessed in the aviation sector, the telecom, IT, and the health care industry. This rapid growth did not diminish during the period of global crisis, but made an impact by slowing down the growth of the other sectors as well.
Railways
The Indian railways have always played a significant role, since the time of its inception from the British rule. Slowly, yet steadily this aviation sector has raised its position from a humble background of the steam engine to a multi billionaire project. Currently, a sharp decline has been noticed within the railway industry owing to the construction of new track layouts, cost, and refurbishing the facilities. This marginal decline in growth is definitely a hurdle and has to be improved based on the funds that are currently being sourced by the Indian government. Innovative travel packages, cost reduction and better facilities are the areas to be worked around to improve the railways sector.
Telecom
Communication is the buzz word even in a global crash out and industrial revolution in India is quite incomplete without the telecom industry doing its share of role. The introduction of mobile phones has replaced old time inventions and has elevated the growth of the Indian economy to higher standards. The growth of the telecom industry has eventually steeped up from the 1990 s and has opened a lot of bases all over India. The number of subscribers eventually keeps increasing every day and is sure to reach a target of 100 million by 2012. The Indian economy is more dependent on the telecom industry and is on the lookout to widen its growth.
IT
The growth of the IT sector has tremendously increased in the recent years owing to the boom of our own "silicon valley" in India. Places such as Noida, Indore and Chennai have seen a lot of development on the IT front and are known to be the leading hubs for various multinational companies. India is definitely seen as an offshore client by many leading companies and it has given a lot of scope for employment, raising the standards of life and education as well.
Health care
The health care industry in India is gradually picking up its pace and with the demand for better medical care, a lot has been asserted towards steering their growth. Unlike other developed countries, India still has a long way to go and is putting up its best foot forward to support medical researchers. Medical coding, pharmaceuticals and health consultation are being looked upon as expansions of health care and have a wide a scope of improvement.
The growth of these four sectors has definitely influenced the economy of India in one way or the other. They are yet to reach their pinnacle, thus putting India on line with other developed nations.