Industry And Trade

Ans-1. In 1948, Industrial Finance Corporation of India was formed for making available long-term loans to industrial projects.

Note: It laid the bedrock of India’s Industrial Sector

Ans-2. Automobile industry in India is called as the ‘Sunrise Sector’.

Note: India is one of the major producers of vehicles with it’s tractor industry being the biggest in the world.

Ans-3. The major responsibility of the textiles committee is determining the quality standards of cloth.

Note: It was established under the Textile Committee Act of 1963 to regulate the powerloom and handloom industries.

Ans-4. Ludhiana is the major Indian city in the production of bicycles.

Note: India is a leading producer of bicycles in the world with major manufacturing units in the States of Punjab and Tamil Nadu.

Textiles Committee - welfare of weavers.

Note: The Textiles Committee was constituted to set quality standards from manufacture textiles for sale in the global market.

Ans-1:

The flow chart of industry process is given below:

An example of manufacturing industry is: Garment Manufacturing Industry.

An example of garment manufacturing industry is given below:

Ans-2:

The following chart explains India’s export and imports:

Internal trade refers to the domestic trade channels in the country. It takes place via railways, waterways, roads, airways etc., ports being a vital component in the network. Items like coal, cotton, jute, rice, wheat, iron, steel, oilseeds etc. constitute the internal trade of India.

1. The tourism industry has developed a lot in India owing to its rich cultural heritage. It has famous pilgrimage centers, forts, caves etc. spread throughout the country that attract a lot of foreign tourist. The Tourism Dept. taking a note of the matter has developed stay and transit facilities and has tried to involve local people giving them employment opportunity as guides and licensed vendors.

2. Due to development of trade, commerce and industries, the quality of life and standard of living of Indian citizens have improved tremendously. More opportunities for employment has become available across various sections of the society and growth of tourism has helped sustain and promote India’s unique handicraft culture.

1. In order to promote agricultural industries, govt. is giving loans to farmers through rural banks and cooperative institutions, supplying seeds, fertilizers and modern tools for farming. Farmers are also given training regarding soil testing, dairy farming, poultry, cattle rearing etc.

2. Employment is generated in the tourism sector by involving local people to carter to the needs of tourist. Local people work as guides and vendors at tourist spots, providing food and transit facilities to the travelers.

3. Industries like construction, paper, newsprint, silk, matchboxes, medicinal herbs, honey, lacquer etc. are dependent on forest resources for raw material.

4. Leather is an important Indian Industry and primarily export oriented. India ranks second in terms of footwear and leather garment production. Kanpur city in Uttar Pradesh is most famous for it’s fine quality leather.

Narayan Murthy

Indira Nooyi

Dhirubhai Ambani

Azim Premji