Economy, asked by maryamhussain35969, 7 months ago

what role does the industrial sector play in the Indian economy?​

Answers

Answered by Anonymous
1

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

Answered by Zaynroy
1

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

Hope it helps

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