Contribution of industry to national economy

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Contribution of industry to national economy

Posted by Isha Katyayan 5 years, 10 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 5 years, 10 months ago

Contribution of industries to a national economy by,
a)Industries provide for the production and goods and provision of services. It has brought about substantial increase in GDP of any country.
b)Industries generates employment for vast majority which help in improving living standard and poverty eradication.
c)Industrial sector adds to country's growth and provide wide variety of choices for consumers.
d)It ensure export of manufactured goods thereby adding to the country's foreign exchange.
e) It improves country's infrastructure and contribute to the overall development.

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