Paper Details

In the present era of intense rivalry, the industrial revolution holds paramount significance. Following independence, the industries experienced significant growth, resulting in a substantial contribution to the general development of the country. The Government of Maharashtra has streamlined the process of establishing new industries or factories by providing support through the Maharashtra Industrial Development Corporation. The corporation's primary objective was to assist start-ups and oversee the growth of industries in Maharashtra. The process of industrialization led to the creation of jobs and subsequent economic progress in the neighbouring villages and areas located in close proximity to the factories. The economic advancement of people staying in these areas need to be studied as not much studies have been carried out in this segment. The objective of this study is to evaluate the economic progress of employees who are employed in industrial units located in Nagpur after they have left their jobs.

Key words: Economic advancement, MIDC, Industrial Units, standard of life, Financial status etc