Development of Industrial Sector in Post Reform Period in India: An Analysis

Author(s)	Dr.Gangaraju Sakappa
Country	India
Abstract	The industrial sector which including Manufacturing, Construction, Electricity, Gas and Water supplies, annual growth rates was to be 6.9 percent in 1990-91 as compared to -0.1 percent negative growth in 1991-92 Indian economy faced lot of uncertainties in mid 1991- Inflation was reached double digit of 13.6 percent, shortage of foreign currency and 8.4 percent fiscal deficit problem among these economic crisis situation at 1991-92 government was taken significant decision of Economic liberalization, integration of our economy with global economy such policies given big boost to the Indian economy. There was 3.6 percent growth recorded in 1992-93 further Industrial growth rates tremendously increase year by year and growth rate peaked double digit of 12 percent at 1995-96. Industrial sector annual growth rates was estimates to be 11.4 percent in 2023-24 as compared to 6.1 percent provisional estimates growth in 2024-25. The overall Gross National Income of India was 32589848 crore in 2024-25 service sector contributed about 57 percent to GNP and the second highest Industrial sector contributed about 29 percent share to GNP.
Field	Arts
Published In	Volume 8, Issue 1, January-February 2026
Published On	2026-01-06

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