Question

explain the characteristics of the indian industrial growth​

Answer 1

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Growth in the industrial sector at a higher rate and based on consumption is a determinant of the overall economic growth of the country.

In this regard, the Government of India has issued industrial policies from time to time to further promote and encourage the development of Indian industry and to maintain its productivity and competitiveness in the world market.

Answer 2

Explanation:

A growth industry is that sector of an economy which experiences a higer then avarage growth rate as compared to other sectors. Growth industries are often new or pioneer industries that did not exist in the past.

An example of a growth industry is the technology sector, whose products have become runaway hits with consumers and led to multimillion dollar valuation s for teach companies in the stock market.