Economy, asked by rizviabdullah7035, 1 year ago

India is an important iron and steel producing country in the world, yet we are not able to perform to our full potential' give any three reasons.

Answers

Answered by shereef4me
8

Answer:

India is an important iron and steel producing country in the world yet, we are not able to perform to our full potential largely due to:

(i) Although India has modernised its steelmaking considerably, however, nearly 6% of its crude steel is still produced using the outdated open-hearth process.

(ii) Labour productivity in India is still very low.

(iii) Steel production in India is also hampered by power shortages.

Answered by Lifeless3
0

India is an important iron and steel producing country in the world, yet we are not able to perform to our full potential because of the following reasons:

(i) Iron and steel industry is the basic industry. Since all other industries — heavy, medium and light depend on it for their machinery.  

(ii) But its high cost and limited availability of coking coal is one of the reasons for not performing to our full potential.  

(iii) Low productivity of labour as labour is lazy and unable to perform to its full potential.

(iv) Irregular supply of energy is also responsible for low productivity.

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