what is contribution of an industry to national economy
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Contribution of industries to a national economy by, a)Industries provide for the production and goods and provision of services. It has brought about substantial increase in GDP of any country. b)Industries generates employment for vast majority which help in improving living standard and poverty eradication.
Contribution of industries to a national economy by, a)Industries provide for the production and goods and provision of services. It has brought about substantial increase in GDP of any country. b)Industries generates employment for vast majority which help in improving living standard and poverty eradication.
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Answered by
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hey mate here is your answer
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.
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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.
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