Question

describe any five major problems faced by iron and steel industry in India

Answer 1

i.The iron and steel industry requires huge capital investments, which a developing country like India cannot afford.

ii. Most of the public sector plants are functioning inefficiently and thus incurring heavy losses.

iii. The per capita labour productivity in India is one of the lowest in the world.

iv. The under-utilisation of capacity leads to high cost of production. This is mainly due to strikes and lockouts.

v. The old technology needs to be updated and this needs very heavy investment.


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