Question

Industrial production as a growth indicator of economy of india

Answer 1

Answer:

YES INDUESTIAL PRODUCTION IS AN INDICATOR OF ECONOMY OF INDIA AS INDUESTRIES GIVES A LOT OF EMPLOYNENT TO MANY PEOPLE HENCE MORE INCOME AND INCEREASE IN ECONOMY OF OUR COUNTRY

Explanation:

HOPE IT WAS HELPFUL DEAR FRIEND

Answer 2

Industrial production as a growth indicator of economy of India:

•Industrialzation has resulted in the rapid development of our country .

•Industries are growing and there is an increase in the rate of production,year by year.

•It has generated employment opportunities to a lot of people.

•Every industry aims at manufacturing quality goods which has low production cost .

•Industrial production is a leading indicator of GDP(Gross domestic product)

•GDP is the measure of market value for all the goods and services measured produced in a specific time period.

•So industrial production has many economic impacts as a growth indicator.