Growth and Decline of Employment in the Industries of Andhra Pradesh

Industry is a branch of trade or manufacturing activity which is generally concerned with production of goods for market. Industrial activity, invariably includes mechanical invention and technological innovation that help maximum production with minimum expenditure. For the past couple of years, the Andhra Pradesh government has taken several measures for industrial development. Andhra Pradesh is a state in the south-east region of India, bordering Telengana in the north, Tamilnadu in the south, Karnataka in the west and Odissa to the north east. Hyderabad is used to be the capital of Andhra Pradesh till state bifurcation of Telangana in the year 2014. Now, Amaravathi is the new formed capital of Andhra Pradesh, the population of the state in 2011 is 4.93 crores. With a geographical area of 1,60,205 sq kms. Further, this is the second largest state of our country in terms of coastal length with a long 974 K.M coastal belt. Andhra Pradesh is endowed with abundant of natural resources like asbestos, bauxite, wood, coal mines, mica mines, manganese mines and oil resources are available in the state. The growth of employment has come down in both the categories of industries because majority of industries were either closed down or defunct. Therefore, tens of thousands of people were lost their jobs. Further, small scale industries turned out as important industries in the state.