Question

Production and consumption of steel is often
regarded as index of country's development . Explain giving 5 short points

Answer 1

(i) Steel production is the backbone of any country’s economy since it is the basic unit for the development of the nation.

(ii) Almost every industry depends on iron and steel for its manufacturing and production.

(iii) In today’s era of globalisation, consumption of goods is increasing. Thus, it can be concluded that growth in production of steel is regarded as the index of country’s development.

(iv) the amount of iron ore a country have is the key for its development.

(v) If a country have sufficient amount of iron ore then they should use it in such a way that is profitable for the country.

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Answer 2

• All the other industries depend on it for their machinery. It provides raw material for making  industrial machinery, electrical machinery, defense, equipments , bridges, dams, shops, houses,etc.
• Vehicles carrying goods from one place to another are also made up of steel. It is because of these vehicles that our goods are transported from one place to another.
• Steel is required to manufacture a variety of consumer goods, like bicycles, fans, furniture,etc.
• It is the basic unit of economy. All buildings and infrastructures are constructed using iron and steel.
• Iron and steel is an important export unit which brings in the much needed foreign exchange and helps in the development of the country.