role of Commerce in economic development explain in 200 words
Answers
Small scale industries are important because it helps in increasing employment and economic development of India. It improves the growth of the country by increasing urban and rural growth. ... The industry is a sector in which the production of goods is a segment of the economy
To know and understand the nature of Indian economy, it is very necessary to have a clear idea about the meaning of Indian economy.
After Independence India launched her First Five Years plan in 1950-51; then now 5-Year Plan is going on.
Although India is an agro-based economy, but lot of emphasis has been given on the development of industries (both consumer goods and capital goods), service sector (including construction, trade, commerce, banking system etc.) and socio-economic infrastructure (like education, health, housing power, energy, transport, communication etc.).