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Industrialization And Socio-Economic Development In India

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The economic well being of a nation is determined by the human, physical and financial resources it possesses. The economy of a nation can progress on to higher levels of growth either by acquiring a larger quantum of the factors of production or through progress in technology. The objective of any nation is to develop its human resources to achieve the optimum utilization of it. Hence, industrialization is one of the ways of bringing about socio-economic development in any country. The economic development of a nation depends largely on its entrepreneurial spirit. The attribute of enterprising emerges from the interplay of behavior and activity of a special segment of the population known as entrepreneurs.1 …show more content…

She has only a secondary status because she is economically dependent on her father or husband.7 women faced discrimination in every society, be it a developed or under developed nation due to socio-cultural and economic discriminating practices8 . In a fast developing country like India, the forces of commercialization, modernization and industrialization are actively operating and transforming the traditional modes of production into modern capitalistic enterprises. Women are the most important segment of the society. In order to improve the status and position of women at home and in the society at large, it is necessary to achieve economic independence for women. Jawaharlal Nehru, the former Prime Minister of India observed the economic freedom of women and it is quoted by Azad Gulab Singh,9 “Freedom depends on economic condition even more than political. If a woman is not economically free without self-employment and self-earning she will have to depend on her husband or someone else and dependents are never free”. For a woman, an opportunity to be involved into a productive work is not just a means to create higher income but it is also means to self-respect, to the development of her traits and to a sense of participation in the common purpose of the society. a major change in the status of women in large segments of Indian Society can be made by creating opportunity for independent employment and income . Economic independence creates awareness about their rights. Venturing out of their houses and involving in entrepreneurship have broadened their outlook and mental horizon10 .

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