EMERGING ISSUES IN INDIAN ECONOMY — Economics STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsEMERGING ISSUES IN INDIAN ECONOMY5 Marks
Question
Urbanization and industrialization go hand in hand. Explain.
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Answer
Development of industries is essential for development of economy.
Government provides several incentives such as cheap land, tax-free zones, modern infrastructure, etc. at urban locations to encourage industrial . development.
When people put industries they need workers. People from different regions migrate to these urban areas to work in these industries. This results in urbanization.
Again to provide various facilities and goods, both private and public sector establishes new industries.
Thus, this cycle goes on and hence one can say that urbanization and industrialization go hand in hand.
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