Question

Explain the role and importance of industrial sector in india

Answer 1

Answer:

Industrial exports needs to be added to the primary products. If agriculture is the backbone of the economy, industry is the energy. The rapid development of capital goods, industries promote to the growth of agriculture and communication.

Answer 2

ROLE OF INDUSTRIAL SECTOR IN INDIA

Industrialisation is important for overall growth of a country. Following points highlight the importance of Industry is an economy:

1. Provides employment.

2. Raises national income.

3. Promotes regional balance.

4. Leads to modernisation.

5. Helps to modernise agriculture.

6. Leads to self-sustainable development.

7. High potential for growth.

8. Key to high volume of exports.

9. Growth of civilisation.

10. Change in basic structure of economy

11. source of Employment

12. Imparts Dynamism to Growth Process

Industrialisation is a pre-condition for the final take-off of an economy.