Explain the reasons behind the need for rapid and balanced industrialisation in India.
Answers
Answered by
2
By typical measurements, such as income per capita or labor productivity, industrializationcan be considered the most importanteconomic development in human history. The major industrial shifts in Western economies occurred during the Industrial Revolution of the 18th and 19th centuries
Industries play a vital role in the development of a country's economy. ... A number of public and private companies operate in an industry, which may manufacture the same goods or provide the same services, but follow different strategies and guidelines to operate their businesses..
Industries play a vital role in the development of a country's economy. ... A number of public and private companies operate in an industry, which may manufacture the same goods or provide the same services, but follow different strategies and guidelines to operate their businesses..
Answered by
1
The reasons behind the need for rapid and balanced industrialisation in India.
- Industrialization in India is essential as it primarily helps in improvement of rural area as it mostly converted into factories.
- With the help of industrialization, a newly innovated technologies as well as inventions can be used for the country defense system and increasing GDP rates.
- There will be growth in the income of the nation, reduction in the income inequalities, and poverty as industrialization is contributing towards economic development of the nation too.
Learn more about The reasons behind the need for rapid and balanced industrialisation in India.
Importance and problems of rural industrialisation in india
https://brainly.in/question/4817846
Need for rapid industrialization in India
https://brainly.in/question/3870640
Similar questions