Industrial development on an organised basis started in India more than half a century back. The major industries consisted of cotton textiles, jute, cement, sugar, paper, iron and steel and glass. Cotton textiles was the most important industry and in 1950 contributed more than one-third to the total industrial development in the organised sector. Today, its share has come down to 11 percent with the growth of other industries, both in the public and private sectors. Thee process of industrial development received a new impetus after independence. The index of industrial production rose from 100 in 1951 to 356 in 1975. This development was brought about not so much by the multiplication of traditional industries as by the establishment of new industries. Industrial production got diversified and a number of industries involving both large capital and advanced technical skills came into being. India is among the first ten largest industrialised countries in the world.
The Fifth Five Year Plan set out an ambitious programme for industrial development. On an average, it was estimated that industrial production would go up by 8.5 per cent annually.
The stamp depicts a stylised theme on 'Industries'.
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