Question 12 Marks
The UNIDO's (United Nations Industrial Development Organization) industrial statistics 2016 says that India has climbed up three positions to become the sixth largest industrial country in the world during 2015. India was in the ninth position in the previous year. Though India is one of the largest manufacturing countries, industrial competitiveness of the country is poor. The Industrial Development Report places India at 43rd position in terms of its competitiveness.
(a) What do you think has led to the industrial development in India?
(b) Why do lack in competitiveness?
(a) What do you think has led to the industrial development in India?
(b) Why do lack in competitiveness?
Answer
View full question & answer→(a) Development of Scientific attitude, foreign collaboration, globalization policy, need to supply to large population, availability of resources etc.
(b) Due to backward economy, inferior quality of products, high selling cost etc.
(b) Due to backward economy, inferior quality of products, high selling cost etc.