Social Sciences, asked by faheempno123, 10 months ago

Compare and contrast the developments made in the field of Iron and Steel Industry or Textile Industry or information and Technology Industry in India with that of any other country.

Answers

Answered by skyfall63
5

Steel and iron were the precursors to the Industrial Revolution in the late 18th and early 19th centuries. The business has now shown that it is the leader in globalisation. It is one of the few businesses in the world that has developed in an environment that affects the industry nearly everywhere.  

In the country's economic growth, the Indian textile industry has a huge role. Besides providing the basic necessities of life, the textile industry also plays a key role in contributing to industrial development , job generation and export revenue of the country.  

The IT industry saw a tremendous jump in the 1990s and is now one of the most competitive companies in India. An enormous reserve of technologically qualified staff is the main reason for the rapid growth of the software industry and has made India a strong market

Explanation:

Developments in Iron and Steel Industry

  • The iron and steel industry underwent high development after independence.
  • India is now the world's eighth biggest steel producer
  • The latest developments have shown the steady development of the steel industry and its relevance globally.
  • In 1991, a revolutionary liberal industrial strategy visualised a number of enhanced operations of the iron and steel industries that had an immense influence on the manufacture of iron and steel.

Development of the Textile Industry

  • The Indian textile industry has grown enormously through domestic demand and a global business revival through 2009.
  • Over the years , India has risen in the share of global textile trade.
  • India is Bangladesh 's leading maker of raw and jute products & 3rd biggest exporter.
  • The only one that has historically given big jobs both for educated and unqualified textile workers after agriculture in India.
  • India has 38 % of the total acres of cotton, and some 23% of global exports. India is the largest cotton maker in the country.

Development of the Information and Technology Industry

  • The Indian software and services industry is one of the very few sectors in the world to see double-digit growth.
  • There are fair reasons to expect that the new powerful impetus will keep the demand growing. Technology is now the main export commodities in India.
  • In the fields of development, international exchange and innovation, IT(IT) hardware sector is one of the most rapidly expanding
  • India has rapidly attracted the world since its liberalisation in 1991 with regard to IT, telecommunications & consumer electronics. It will lead to huge demand and provide the basis for the price of these items globally.
Answered by dikshanshjhariye
3

Answer:

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