What are the most important industries and their importance?
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If agriculture is the backbone of the economy, industry is the energy. The rapid development of capital goods industries promote the growth of agriculture, transport and communication. It also enables the country to produce a variety of consumer goods in large quantities and at low costs.
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Iron and Steel industry is one of the most important industries considering total investments. These are typically public sector plants. Further, the industry offers direct employment to around 2.5 lakh workers.
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