Question

importance of industries in the national economy​

Answer 1

Answer:

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Explanation:

Industrial growth is often linked with higher wages The production that industry provides buts more money and more services for the economy leading to higher income per capita and more labor productivity. The standard of living increases when industry increases.

Answer 2

These industries provide so many benefits to the economy i.e. employment generation, production of goods and services, equal income distribution in the whole economy. Service sector contributes 60% of the Indian GDP while agriculture gives around 14% of GDP.