Examining Performance Variations of (Life) Insurance and Iron Industries of India

Abstract

Though agriculture has been the main preoccupation of the bulk of the Indian population, policy planners saw India becoming a prosperous and modern State with a good industrial base for which programs were formulated to build an adequate infrastructure for rapid industrialization. Since the level of per capita consumption of iron (and steel) is treated as one of the important indicators of socio-economic development of the country, the growth of any developing and growing economy is largely shaped up by the existence of strong iron and steel industries. Iron being the basic raw material for steel making, which is, in turn, the input for industries viz., construction, capital and engineering goods, and auto and white goods, the growth of iron and steel sector is dependent upon growth of the economy, in general, and the growth of industrial production and infrastructure sectors, in particular.