Why is development of steel industry an index for measuring the level of a country's development ?
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steel production is the backbone of any country's economy since it is the basic unit for the developement of a nation. the developement of iron and steel is the key factor for the developement since almost every industry depends on iron and steel for its manufacturing and production.
in todays era of globalisation, standard of living of people is increasing day by day, mostly in the develped nation, and consequently the consumption of goods and commodities is increasing significantly. thus it can be concluded that growth in production of iron and steel is regarded as the indx of country's developement.
in todays era of globalisation, standard of living of people is increasing day by day, mostly in the develped nation, and consequently the consumption of goods and commodities is increasing significantly. thus it can be concluded that growth in production of iron and steel is regarded as the indx of country's developement.
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Steel production is the backbone of any country's economy since it is the basic unit for the development of the nation. ... Thus, it can be concluded that growth in production of steel is regarded as the index of country's development.
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