Question

short note on contribution of industry in economic

Answer 1

Contribution of industry to National Economy. The share of industries to the GDP has is 17% which goes up to 27% when the contribution of mining, Quarrying, electricity and gas is included. The growth rate predicted for the next decade is 12% and it is at present growing at the rate of 9 to 10% per annum.

Answer 2

Industrial development is necessary for modernisation of agriculture. In India, agriculture is traditional and backward. The cost of production is high and productivity is low. We need tractors, threshers, pump sets and harvesters to modernise agriculture. To increase productivity, we need chemical fertilizers, pesticides and weedicides etc. These are all industrial products. Without industrial development, these goods cannot be produced. Agricultural products like jute, cotton, sugarcane etc. are raw materials. To prepare finished products like flex, textiles and sugar etc. we need industrialisation. So industrial development is necessary for modernisation of agriculture.