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Indian Economy

Notes

Source: http://shodhganga.inflibnet.ac.in/bitstream/10603/10675/11/11_%20chapter%204.pdf
Nevertheless, you must understand that industrial sector got a boost after the Goa conflict,
Chinese aggression and Indo-Pak war, for satisfying the defence needs in hosiery sector, woollen
textiles, machine tools and the automobile sector. Moreover, in 1960s, with the arrival of the
green revolution, the increasing demand from the quickly growing agriculture sector united
with a rise in export demand boosted the process of industrialisation. The industries that evidenced
boom were agro processing, agro- input and consumer industries such as woollen products,
textile, metal products, food product, engineering and agricultural machinery. Most of these
industries were established in the small scale sector and Punjab made extremely rapid progress
in industrial development particularly in the small scale segment.

Notes Small-Scale Industries (SSIs) are significantly contributing to the economy of Punjab.
In the liberalized era, the SSI sector is facing stiff competition from domestic as well as
foreign companies.

In many states of India like Punjab, the primary sector contributes 31.23%, secondary 27.57%,
and tertiary sector 41.2% of Gross State Domestic Product (GSDP) in 2007-2008 (Statistical Abstract

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