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which are the importants of Industries?

Economic development of any nation is totally depends on industries. Industries play an important role in the Indian Economy. Without industries, economic development is not possible.
  • Agrowing industrial sector is crucial to greater economic development and takes in a number of areas as a country develops.

  • Ensuring steady industrial growth helps to compliment and sustain continued economic development.

  • A well developed industrial sector, covering various different areas is vital to the economic development of a country.

  • With a variety of different industrial sectors that feed off each other, a well balanced industrial sector is at the centre of economic development.

  • With a strong industrial base, economic planning becomes less risky, being able to plan ahead also assists industrial growth with profits re-invested into infrastructure development which in turn helps to boost and attract industry.

  • In a backward and developing economy like India,industries are indispensable.

  • Development of industries is not only indispensable for India, but there is also good scope for the development of industries in India.

  • India has many favourable factors for the development of industries.


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