Question

Why iron and steel are industary called basic industray ? Explian any three reason?

Answer 1

Iron and steel industry is called the basic industry due to following reasons: All industries whether heavy, medium or light depend on it for the machinery. Thus, it provides base to the other industries. Steel is required for manufacturing variety of engineering, construction and defence goods.
1) it is this industry which lays the foundation of rapid devlopment of other industries such as heavy engineering, defence equipment, automobiles, etc.
2) it is also helpful in providing employment.
3) it also helps in the devlopment of agriculture.
4) it is a basic industry because all raw material and finished products are bulky