Question

impact of industrial revolution on Indians

Answer 1

Industrialization is focused on the re-organization of the country’s economy for the purpose of manufacturing. As the income of workers rises, markets for consumer goods and services will automatically expand, likewise, it leads to Industrial Investment and economic growth . This Industrialization makes the growth of Private Sectors and introduction numerous factories or heavy industries for the Countries growth and Economic development . The introduction of Heavy Industries has the various positive impact on the Society and the Economy.

1) Low Production Cost

2) Generate Employment

3) Improved Agriculture

4) Increase in National Income

5) Higher Standard of Living

6) Reduction in Population Growth Rate

7) Increase Saving and Investment too