‘‘Production and consumption of steel is often regarded as the index of a
country’s development.’’ Examine the statement. URGENTT
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✳️Steel production is the backbone of any country’s economy since it is the basic unit for the development of the nation.
✳️Almost every industry depends on iron and steel for its manufacturing and production.
✳️ 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.
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