PROBLEMS OF INDUSTRIAL DEVELOPMENT INDIA

Abstract

Industrial development in India has been a critical driver of economic growth, employment generation, and technological advancement. However, it faces several challenges that hinder its full potential. This paper examines the key problems affecting industrial development in India, including infrastructural deficiencies, bureaucratic red tape, inadequate access to credit, technological backwardness, labor market rigidities, and environmental sustainability concerns. Additionally, the study highlights regional disparities, policy inconsistencies, and the impact of global competition on domestic industries. By analyzing these challenges, the paper suggests policy recommendations to foster sustainable industrial growth, such as improving infrastructure, streamlining regulatory processes, promoting innovation, and enhancing skill development. Addressing these issues is crucial for India to achieve robust industrial expansion and long-term economic stability.