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What is a sunrise industry UPSC?
The IT industry is called the sunrise industry because of its high growth rates, startups, and huge capital funding. A sunrise industry includes petrochemical, food processing, space tourism, and online encyclopedias. The automobile industry has grown significantly in India.
Which industries are known as the sunrise industries?
A sunrise industry is one that is new or relatively new, is growing fast and is expected to become important in the future. Examples of sunrise industries include hydrogen fuel production, petrochemical industry, food processing industry, space tourism, and online encyclopedias.
Why is FPI called a Sunrise Industry?
India, being an agrarian economy, has a natural advantage in terms of food processing industries (FPI). Thus, FPI is recognised as the ‘Sunrise Industry’ in India.
WHY IT industry is called Sunrise Industry?
A new and growing industry especially in electronics and telecommunications is known as the sunrise industry. IT industry is called a sunrise industry as it has grown at a fast pace in the last ten years. It is still growing and has tremendous scope to grow in the coming years as well.
Which industry is known as sunset industry?
/ˌsʌn.set ˈɪn.də.stri/ an industry that has existed for a long time and that is less successful and making less profit than previously: Steel and shipbuilding were designated as sunset industries. Oil and gas extraction, despite its importance to the economy, is seen as a “sunset industry” in the United States.
Does industry in India is called the Sunrise Sector?
Automobile sector is called the ‘Sunrise Sector’ of India because the term ‘Sunrise’ is used for a sector that is new and rapidly growing. India currently exports automobiles to around 40 countries.
Which industry is not known as sunrise industry?
Detailed Solution. The correct answer is only B. Iron and Steel Industries, Cement Industries and Cotton Textile Industries are well-established industries, so they cannot be sunrise industries.
Is tourism a sunrise industry?
Tourism is an important sector of the economy. With its strong backward and forward linkages with other sectors of the economy, tourism has the potential to not only be the economy driver, but also an efficient tool for society upliftment.
Is textile industry a sunrise industry?
The Textile Industry is one of the oldest industries in India having a range of segments under its umbrella. The industry is spread from hand-woven, an unorganised segment on one end, to a capital-intensive organised mill sector on the other.
Is cotton industry a sunrise industry?
The cotton textile is not a sunrise industry.