Question

What is the role of industries of india?

Answer 1

        Industry, as a sector, has many roles to play in the Indian Economy.

• It ensures balanced and rapid development.
• It provides us with many goods which fulfills our wants.
• It increases national and per capita incomes. With industrialization, the average salary of a worker increases, thus increasing per capita income. Moreover, exports too increase which increases foreign exchange.
• In India most of the population is engaged in agriculture. There is way too much people and not enough land for all to thrive. To make matters worse, our population is growing at an almost alarming rate. The industrial sector is the only sector that is generating jobs at a faster rate than our population is growing. Also, this sector will draw surplus labor from agriculture to it, thus improving agricultural productivity too.
• Agricultural Development- The agriculture and the industrial sector require each other to thrive. Industries require raw materials from the agricultural sector to produce their goods. So this sector creates a market for agricultural products which results in their development.
• These are the major roles that industries plays in the Indian economy. Hope this helps.

Answer 2

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Industry, as a sector, has many roles to play in the Indian Economy. It provides us with many goods which fulfills our wants. It increases national and per capita incomes. ... The industrial sector is the only sector that is generating jobs at a faster rate than our population is growing.

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