Question

what is the contribution of industry to national economy? ​

Answer 1

Answer:

ᴄᴏɴᴛʀɪʙᴜᴛɪᴏɴ ᴏғ ɪɴᴅᴜsᴛʀɪᴇs ᴛᴏ ᴀ ɴᴀᴛɪᴏɴᴀʟ ᴇᴄᴏɴᴏᴍʏ ʙʏ, ᴀ)ɪɴᴅᴜsᴛʀɪᴇs ᴘʀᴏᴠɪᴅᴇ ғᴏʀ ᴛʜᴇ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴀɴᴅ ɢᴏᴏᴅs ᴀɴᴅ ᴘʀᴏᴠɪsɪᴏɴ ᴏғ sᴇʀᴠɪᴄᴇs. ɪᴛ ʜᴀs ʙʀᴏᴜɢʜᴛ ᴀʙᴏᴜᴛ sᴜʙsᴛᴀɴᴛɪᴀʟ ɪɴᴄʀᴇᴀsᴇ ɪɴ ɢᴅᴘ ᴏғ ᴀɴʏ ᴄᴏᴜɴᴛʀʏ. ʙ)ɪɴᴅᴜsᴛʀɪᴇs ɢᴇɴᴇʀᴀᴛᴇs ᴇᴍᴘʟᴏʏᴍᴇɴᴛ ғᴏʀ ᴠᴀsᴛ ᴍᴀᴊᴏʀɪᴛʏ ᴡʜɪᴄʜ ʜᴇʟᴘ ɪɴ ɪᴍᴘʀᴏᴠɪɴɢ ʟɪᴠɪɴɢ sᴛᴀɴᴅᴀʀᴅ ᴀɴᴅ ᴘᴏᴠᴇʀᴛʏ ᴇʀᴀᴅɪᴄᴀᴛɪᴏɴ.

Answer 2

$answer:-$

Contribution of Industry to National Economy

The total contribution of industry to the GDP is 27% out of which 10% comes from mining, quarrying, electricity and gas. The growth of the manufacturing sector had been 7% in the last decade. Since 2003, the growth rate has been 9 to 10% per annum.