what role does the industrial sector play in the Indian economy?
Answers
These industries are contributing half of the total industrial production in India and provide gainful economic activity to more than five times the number of people employed in the large and medium sized industries in the country
hey buddy here is your answer
Traditionally, India had six major industries. These were Iron and Steel, Textiles, Jute, Sugar, Cement, and Paper. Further, four new industries joined this list namely, Petrochemical, Automobile, Information Technology (IT), and Banking & Insurance. These industries are important for India’s economy. Therefore, understanding the growth of these industries can offer a good insight into the relationship between their growth and government policies.
These industries are contributing half of the total industrial production in India and provide gainful economic activity to more than five times the number of people employed in the large and medium sized industries in the country
Hence they help in the overall improvement in the country's GDP
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