why are industries important in the world
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Industrial growth helps in modernising the agricultural activities by providing machinery, chemicals, irrigation facilities, insecticides, pesticides, etc. Industrial growth helps in reducing the unemployment and poverty. Industrial growth can earn foreign exchange by exporting the finished goods and thus, can expand its trade and commerce.
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Industrialization generates employment opportunities, provides educational opportunities, encourages advancement and innovation, and better utilizes resources. All of these benefits and more make industrial development extremely valuable to a population and the local economy.
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