Q.V. Answer in short:-
1) Percapita Income result in a decrease in the foreign exchange reserves.
2) Industrial development is not essential for improving the standard of living,
3) Industrial estates have been established for promoting industrial development.
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Promote industrialization: Industrial estates promote industrialization and economic development. They provide the necessary facilities for setting up of industries. Since the required infrastructure is made available, entrepreneurs feel encouraged to set up industrial enterprises.
industrialization improved their standard of living because they were able to move away from the inner city, where there was a lot of poverty, and into the suburbs. They were able to move up in society, and overall, everything about their life changed for the better.
Explanation:
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