Question

need for industrialization in india and its impact on economy of india

Answer 1

For the developing countries like India the economic development is the most important thing for the allover development.

And the development of the economy is heavily dependent on the development of the industrial productivity.

That's why the industrialization or the modernization is very essential for our country's economic development and establishment.

Answer 2

Indian needs industrialization because India is a developing country and industrialization increases the economic growth in the country. Thus it plays most significant role in economic development.

Industrialization has a deep impact on the Indian economy:

1. It increases per capita income.
2. It raises the capital formation.
3. It creates more employment.
4. Agriculture improvement.
5. Fulfill the needs of the people by manufacturing the goods and services.
6. Increases the size of the Market.