write short note on development of industries in India.
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↪Large-scale industries started in the first fifteen years of planning in India. Rate of industrial growth was fluctuating between 2 to 12 per cent. However, we have observed a steady industrial progress after 1967.
↪A boost has been given to the development of small-scale industries too during various plans.
↪These industries provide so many benefits to the economy i.e. employment generation, production of goods and services, equal income distribution in the whole economy.
↪Service sector contributes 60% of the Indian GDP while agriculture gives around 14% of GDP.
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Large-scale industries started in the first fifteen years of planning in India. Rate of industrial growth was fluctuating between 2 to 12 per cent. However, we have observed a steady industrial progress after 1967. ... A boost has been given to the development of small-scale industries too during various plans.
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