Economy, asked by ShishirChhetri, 24 days ago

State Any two Adverse Impact Of Industrialization upon Indian Economy​

Answers

Answered by lathababa7
0

Answer:

Rapid industrial growth has resulted in the expansion of infrastructural facilities.The development of modern industries has stimulated the growth of banking, insurance,commerence, shipping,air services etc...

Explanation:

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Answered by presentmoment
1

The industrialization of the Indian economy has pushed towards wastage of resources and unexpected movement of people.

Explanation:

  • Industrialization has led to the setting up of more and more industries due to which there is an increasing trend of achieving more production even if it means wastage of resources. This has led to a severe decline in the availability of resources and an increase in the price of raw materials.
  • It has also led to an unexpected movement of people from one place to another due to which determining the demographics of a place has become harder than ever.
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