How does industries help to strengthen the economy of a country?
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Industries help to strengthen the economy of a country in the following ways:
- Industries help in the establishment of the infrastructure of the country such as dams, railways, etc. Infrastructural development helps in the growth of other sectors also.
- Industries help in increasing agricultural productivity by supplying the agricultural sector with mechanised means of production such as tractors, threshers, etc and also with fertilisers, insecticides, etc.
- Expansion of capital goods industries pave the way for industrial growth and as a result, the economy is able to undertake large scale production of goods at low cost.
- Industrialisation helps a country to become self-reliant in the production of defence goods.
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