Question

give your opinion on the topic 'growth and development of industry,agriculture and foreign trade​'?

Answer 1

hey mate here is your answer dear..

The backbone of Indian economy is considered as 'agriculture'. It has an important role in Indian economy though the share of agriculture in GDP is declining, it still remains a significant contributor nearly 30 to 35% coming from this sector. It provides livelihood for nearly two-thirds of our population. Agriculture provides raw material for industrial growth and use e.g. sugar, jute, cotton, agro-based industries such as food processing are gaining in importance.
Industry is the production of goods or related services within an economy. ... This came through many successive rapid advances in technology, such as the production of steel and coal. Following the Industrial Revolution, possibly a third of the economic output comes from manufacturing industries.
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.

Role of foreign trade in economic development of countries
foreign trade or International trade plays an important role in increasing the production of any country. ... In countries where home market is limited it is necessary to sell product in other countries. Increase in investment. Foreign trade encourages the businessmen to increase the investment to produce more goods.


hope it helps you