THE VALUE OF INDUSTRIES TO A COUNTRY

THE VALUE OF INDUSTRIES TO A COUNTRY

An Industry is a group of firm existing together. It is the prime factor determining the very development of the economy. They are usually referred as the bones of the economy because they stabilise economic development. Thus industrialisation, large scale output in industries become inevitable.

The industrial progress of a country is the correct instrument to measure the development of a country. A country which is not industrially advanced is not a stable country. Though agriculture provides the very basic necessities of life, the maximisation of agricultural income is not possible without industrial growth. The modern equipments that are used in agriculture are to be manufactured modernised industries In India the Industrial sector contributes half our national income. The goods that we are in daily life such as soap, toothpaste etc. and medicines are manufactured in industries. Unless they are manufactured in large quantities, the heavy demand cannot be satisfied It may result in price rise also.

The export of goods is possible only by industries. Unless articles are highly sophisticated, they cannot be m marketed in the world market. It needs a superior quality. The security of a country is also a problem. In the modern world and in the nuclear age unless a country has a chain war based in Industries. It cannot survive in the world.

The problems that arise due to industrialisation are air pollution and the concentration of population industrial cities.

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