Indian Journal of Economics and Development
Year : 2017, Volume : 13, Issue : 2
First page : ( 219) Last page : ( 228)
Print ISSN : 2277-5412. Online ISSN : 2322-0430.
Article DOI : 10.5958/2322-0430.2017.00173.1

Impact of Industry on Livelihood of Surrounding Rural Areas-A Review of Some Evidences

Chutia Nilutpal^1,*, Bhuyan Anjan²

¹Assistant Professor, Department of Economics, Gargaon College, Simaluguri-785 686, Sivasagar (Assam)

²Associate Professor, Department of Business Administration, Tezpur University, Napaan, Tezpur-784 028, Sonitpur (Assam)

*Corresponding author’s E-mail: nilutpalchutia@gmail.com

JELCodes: O13, O14, Q01, Q53, Q55

Online published on 20 June, 2017.

Abstract

This paper tries to explore the relation between industry and livelihood of surrounding rural areas. In many literatures, so far reviewed; a mixed impact of industrialization on different livelihood assets, viz., financial capital, physical capital, natural capital, human capital and social capital is observed. Further, these assets have also been found interlinked. Achievements in one livelihood asset due to industrialization affect the other components of livelihood assets, positively or adversely. Due to such linkages amongst the livelihood assets, achieving sustainable livelihood outcomes from industrial development is a challenge.