Economy, asked by roshni00rajput, 4 months ago

explain the role of industrialization in economics growth in India.

Answers

Answered by Anonymous

Industrialization increases the supply of goods for internal and external markets. ... The government receives revenue in the form of custom and excise duties, sales and income taxes from the industrialists due to which government revenue increases.

Answered by vermakunjal05

Explanation:

Fast Growth of National and Per Capita Income:

Industrial development helps in the rapid growth of national and per capita income. ... In India due to industrialisation, the contribution of industrial sector to GDP has gone upto 28.5% in 2000-01 and per capita income has risen to Rs. 16,486 in 2000

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