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Discuss the importance of industries in India. - Economic Applications

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Discuss the importance of industries in India.

Discuss the importance of industries (or industrialisation) in the Indian economy.

Short Answer
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Solution

Importance of Industries

  1. A rapid increase in national income and per capita income would largely be possible through rapid industrialisation, as industrial productivity is greater than agricultural productivity.
  2. The pressure on Indian agriculture could be reduced by shifting surplus labor into industry.
  3. Industries provide agricultural machines, pesticides, insecticides, chemical fertilizers, etc., to agriculture.
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Chapter 7: Main Sectors of Indian Economy : Industry - 97QUESTION BANK [Page 95]

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J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 7 Main Sectors of Indian Economy : Industry
97QUESTION BANK | Q 7. | Page 95
J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 8 Secondary Sector : Industry
QUESTION BANK | Q 11. | Page 126
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