Shifts within Industrial Sector
Growth process involves structural shifts in the economy as between agricul¬ture and industry and in favour of the latter, which was reported earlier. More importantly, within the industrial sector, there have been shifts over the long run in favour of the organised manufacturing activity and from consumer goods to capital goods and durable goods. The base of industrial structure has been widened and many new industries have been added in ***** after the initiation of the planned process.
Among the various industries, production in mining, oil exploration and gas products, etc. has been increased significantly both in quantitative terms and relative terms in *****. The unregistered manufacturing sector, particularly small-scale sector accounted for about 8% of the NDP while registered manufacturing activity constituted 13% of the NDP. It is no doubt true that the growth of modern large-scale industry under the planned process has reduced the importance of the unorganised small sector. But even so the unorganised small sector now accounted for around one-third of the total industrial production. This shows that this sector still occupies an important position in the *****n Industry.
The other main features in the structure of the *****n economy are a larger rise in the shares of transport, communications, energy, banks and insurance, which shows that the role of infrastructural industries in the economy has increased significantly. Besides, the share of public administration and defence has also grown over the past few decades, partly due to the increase in the role of the public sector in the economy and partly due to the expansion of the government activities in providing infrastructure and other services.