why is it industry known as sunrise industry
Answers
Answer:
A new and growing industry especially in electronics and telecommunications is known as the sunrise industry. IT industry is called a sunrise industry as it has grown at a fast pace in last ten years. It is still growing and has tremendous scope to grow in coming years as well.
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Answer:
A sunrise industry is one that is new or relatively new, is growing fast and is expected to become important in the future. Examples of sunrise industries include hydrogen fuel production, petrochemical industry, food processing industry, space tourism, and online encyclopedias.
Explanation:
A sunrise industry is a new industry that is expanding rapidly (eg the telecom industry in the mid-1990s) and is expected to be increasingly important in the future. The term was coined in 1983 to describe the then new, successful manufacturing industries, upon which the economic sun was supposedly risin