need for industrialization in india and its impacts on economy of india
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A write up on the Need for industrialization in India, its impact on economy of India:
India is predominantly a agricultural country and the number of industries are less when compared to countries like USA and China. There is an urgent need for industrialization in India. The following points justify the need for industrialization in India.
1. The population of India is very high and all cannot depend on agriculture for employment.
2. Indian Government has to spend more on the welfare of the people and industrialization will help in generating more revenue.
3. India has to compete with the growth parameters of developed countries.
4. Industrialization will help to improve the standard of living of the people and reduce poverty.