Impact of Industry on Livelihood of Surrounding Rural Areas-A Review of Some Evidences Chutia Nilutpal1,*, 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. Top Keywords Financial capital, industrialization, livelihood assets, livelihood outcomes, natural capital, sustainable livelihood. Top |