“Industrial Sickness in India-A Review on Literature Review”

Industrial sickness is serious problems which affects all types of business units like small, medium and large scale companies in both public and private sectors. Simple we can say that Industrial Sickness means when the company is unhealthy and its financial position is distress on a continuous base. Failure of a company is a socio-economic problem of the nation. To face this failure it is necessary for the organization to know prevention and revival strategies. Both prevention and cure of industrial sickness would depend on the ability to identify the sickness of the company. It must be as early as possible. Flawed or tardy identification would decrease the effectiveness of the remedial actions. It may not be effectives in terms of restoring the financial viability of sick units as well as protecting units which would become sick. This study reviews the various articles on industrial sickness and its impact on various business organizations. This review is a synthesis of industrial sickness literature from 2000–2016 providing explanation the causes of sickness and its impact on industrial sector as well as remedial measure to prevent sickness. It will help to the corporate people to understand the concept of industrial sickness in the industry.