There has been a phenomenal growth in employment, wages, benefits, working conditions, status of the worker, educational facilities etc., with the growth and spread of industry. Moreover, carrier patterns have also changed widely by providing change for wide varieties of jobs to the working communities. This has been possible only through fast industrial development which, in its turn, depends on industrial peace.One of the main goals of the five years plans in India has been rapid industrialization and more employment in secondary and territory industries. T is also viewed that one of the essential steps for building up an economical free and self sustaining India is, large scale industrialization at a rapid and steady growth.With the attainment of independence and with the launching of planning era, serious and earnest efforts have been made towards rapid economic development of India. India has been in the middest of an ambitious and critically important effort to raise the living standards of her people by an integrated industrial and economic development plan.