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Secondary Sector : Industry — Economics STD 9 — Question

ICSE BoardEnglish MediumSTD 9EconomicsSecondary Sector : Industry4 Marks
Question
Give reasons why the development of industry is regarded essential for economic development in India.
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Answer

(i) As a result of industrialisation, the levels of national income and per capita income in the country increase.
(ii) Setting up of new industrial units provide job opportunities for unemployed persons.
(iii) Development of agro-based industries like tea, jute, cotton textile, sugar etc. provide ready market for agricultural products.
(iv) Industries provide farm machines and tools required by agriculture.

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