Question

How does the industrialization strengthen of the Indian economy? 3 marks
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Answer 1

Answer:

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.

Explanation:

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Answer 2

Rapid industrial growth has resulted in the expansion of infrastructural facilities. The development of modern industries has stimulated the growth of banking, insurance, commerce, shipping, air services etc.

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