Anthology
The Research:(ISSN:
2456–4397 RNI No.UPBIL/2016/68067 VOL- V * ISSUE- V * August - 2020 )
Paper Submission: 12/08/2020, Date of Acceptance: 21/08/2020, Date of Publication: 22/08/2020

Anup Kumar Mishra
Research Scholar,
P.G. Dept. of Commerce &
Business Management,
H. D. Jain College,Ara,
Bihar, India
Jitendra Kumar
Professor,
P.G. Dept. of Commerce &
Business Management,
H. D. Jain College, Ara,
Bihar, India
Abstract
With the independence of India Govts. at both the Central as
well as at the state levels tried their best to improve the economic
conditions of India. They made plans and policies to develop domestic
industries, cottage industries, agriculture and industries at higher level. At
that time they had a little resource. India lacked education, technical
knowledge and advanced machines for agriculture. Not to speak of
factories bigger things, India could not even manufacture needles at
time. Later schools training colleges, ITI colleges and technical colleges
were set up. Capitals were made available to businessmen through bank
loans. Great importance was attached to cottage industry, domestic
industries and micro industries. It required less labourers and capital as
well as space. Though natural resources were in abundance with India
but with back of education and technical knowledge and money Indians
were not capable of installing industries at bigger levels. Through
successive Five-year plans developmental works were carried on
gradually. Each and every Govt. in different periods contributed in the
development of industries and agriculture. As the technical knowledge,
knowledge regarding agriculture and manufacture of farm equipments
grew the more and more courage to invest in business and industries
came in their heart. Entrepreneurship developed slowly but steadily in
our countrymen.
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