write in your own words how Industrial Development impacts national development
Answers
1. Since is India is a predominantly agrarian country work is carried out by farmers.
2. In India a variety of agricultural products is available .
3. Different types of agro based industries have come up .
4. The establishment of industries and industrial development have an important role in the economic development of country .
5. Industrial development is essential for improving the standard of living and increasing the per capita income of the citizens .
6. The citizens of country get employment opportunities and their lifestyle improves .
7. The per capita income of the country goes up and there is an increase in the export of finished products .
8. This results in an increase in the foreign exchange reserves .
9. For all these reasons it is necessary to give a fillip to industrialization in country. This is how industrial development impacts national development .
(1) Industrial Development generate employment opportunities.
(2) Due to increase employment level, people get jobs and per capita income increases. This for the increases the standard of living of people.
(3) Industrial Development increases the value of the Gross National Product.
(4) Industrial Development increases the production of various goods. By exporting the surplus goods, country can earn foreign exchange. In this way, Industrial Development positively impact national development.