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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