INDUSTRIALIZATION IN MIZORAM:NEED, OPPORTUNITIES, GROWTH AND CONSTRAINTS OF SMALL SCALE INDUSTRIES
B.I.LASKAR Sr.Lecturer, Deptt.of Economics Govt. Aizawl West College Aizawl, Mizoram
The pace of economic development of a country is preceded by the rate of industrialization of that country. Hence industrialization is considered asinevitable in a developing economy. Prof. S.C. Kuchhal has definedindustrialization “as a process in which the economic gains of industrialprogress, mainly in the nature of increasing returns are continuouslycreated and wholly or partly realized”. In UNESCO “industrializationmeans an absolute and relative growth in the importance of factories,mills, mines, power plants, railways and so on of manufacturing andclosely related activities, especially activities involved in the building andoperation of a modern economic infrastructure”.Industrialization is a continuous process which depends on the existingsocial structure in one hand and the rate of economic development orgrowth on the other. The available resources, availability of manpower,the techniques of production, attitude of the Government and its policiesand programmers and also the social system favoring or disfavoringindustrialization, all these together determines the progress of industrialization.