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Chapter 10 of 11
Revision Notes

Industrial Sector

Gujarat Board · Class 12 · Economics

Quick revision notes for Industrial Sector — Gujarat Board Class 12 Economics. Key concepts, formulas, and definitions for last-minute revision.

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Key Topics to Revise

1

Importance of Industrial Sector

  • Industrial sector's contribution to national income increased from 16.6% in 1951 to 27% in 2013-14
  • Employment in industries rose from 10.6% in 1951 to 24.3% in 2011-12
  • Industries earned about 2/3 share of India's export income in 2013-14
2

Industrial Structure - Classification by Investment Size

  • Cottage Industries: Family-run with simple equipment, negligible electricity and machinery use
  • Tiny Industries: Labour-intensive with investment up to ₹25 lakhs
  • Small Scale Industries: Investment between ₹25 lakhs to ₹5 crores, labour-intensive
3

Industrial Structure - Classification by Ownership

  • Public Sector: Government owned and controlled (Railways, Post, Telephone)
  • Private Sector: Owned and managed by private individuals or companies
  • Joint Sector: Government holds 51% or more shares but involves private participation
4

Government Measures for Industrial Development

  • State Owned Enterprises: Government establishes basic and key industries requiring heavy investment
  • Promotion of Private Sector: Land at concessional rates, tax breaks, cheap finance
  • Import Tariff: Tax on imports to protect domestic industries from foreign competition

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Key Concepts

The industrial sector's share in nationalIndustries are classified into five categoriesIndustries are categorized as Public SectorGovernment supports industrial development through establ...SEZs are geographical areas with different

Frequently Asked Questions

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Industrial Sector covers several key topics that are frequently asked in Gujarat Board Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
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Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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