Q. 7. Explain the growth of industrialization in
India.
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Along with agricultural development, industrialisation is a must for these countries since there is a strong interdependence between agricultural and industrial sectors. Through a concerted programme of industrialisation, a country can provide a basis for a rapid rate of growth of national income and per capita income.
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The most important observation of the period was that the rate of growth of capital good industry considered as the backbone of modern industrialisation grew at 9.8%, 13.1% and 19% during the first, second and third plan respectively.
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