need and trend for industrialisation in india
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Industrialization plays a significant role in the process of economic development. The examples of developed countries indicate that there is a direct relationship between high level of income and industrial development.
Industries account for 37% of the gross domestic product in Japan, 32% in UK and 22% in the U.S. whereas it stands at 27% for India. Further a strong industrial base is required for generating gainful employment opportunities for the unemployed and under-employed labourers in the agricultural sectors. Industrialization also helps in overcoming trade gap.
Industries account for 37% of the gross domestic product in Japan, 32% in UK and 22% in the U.S. whereas it stands at 27% for India. Further a strong industrial base is required for generating gainful employment opportunities for the unemployed and under-employed labourers in the agricultural sectors. Industrialization also helps in overcoming trade gap.
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India is a developing country which is also the second most populated country in the world.
Due to this humongous population the need of various goods and objects are very huge in our country at a national scale.
To fulfill this huge need per annum the industrial revolution or the industrialization is becoming very important nowadays.
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