Q. 5 D5.0( 1 Vote )

Give an account of Automobile Industry or software Industry in India.

Answer :

Automobile Industry-

a. Its growth normally took place after the independence of India.


b. With its first automobile Industry first introduced at Kurla (Mumbai) bearing the name Premier Automobile limited led to the paving the way for further such industries such as the Hindustan motors limited situated in Kolkata further led to the development of the country.


c. In the last 30 years, a tremendous progress has been observed in this industry by manufacturing cars, motors, engines, and so on.


d. With its exponential growth, foreign markets like Suzuki, Fords, etc. has started to show their interest and merged with the Indian automobile industries which again helped the Indian economy by boosting it by adding more to its GDP (Gross Domestic Product) which reflects the growth of an economy.


Software Industry-


a. The software Industry is one of the fastest growing industries in India mainly due to the availability of factors of production (mainly labor) at affordable cost.


b. This industry has flourished at a very good rate setting its root at places like Chennai, Coimbatore, etc. thereby raising the economy of the country by increasing the country’s GDP.


c. Presently, with more than 500 software firms in the country which is still growing helps in generating employment in the country.


d. Has contributed in the export-import of the country providing goods and output from the software industry allowing the country to export to the rest of the world which again boosts up the country’s economy.


e. Its growth and its extent throughout the country has made life much easier along with generating employment in the country thereby changing harmful technology into more environmental friendly technology.


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