Question

"Production and consumption of steel is often regarded as the index of a country's development"examine the statement

Answer 1

Production and consumption of steel are often regarded as the index of a country's development as:

The products of these enterprises are used as the raw material in different industries.

For this reason it is called the feeder industry.

Steel products are required for exports.

Steel is used to create various machinery for ensuring country’s growth.

Answer 2

Answer:

hope it helps

Explanation:

(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.