Rapid industrialization helps to provide employment, enables the masses to raise their standard of living and also necessary from the point of view of defenses. It reduces India’s dependence on foreign countries.
Industrialization can help the progress of agriculture, trade, transport and all other economic activities.
Industrialization is the essential factor for economic development. It will make the best possible use of our human and physical resources. Rapid industrialization is important for creating employment opportunities, promotion of education, training and research.
It improves labour productivity and balanced regional development. Industrial growth brings a rapid increase in the national income of the country.
For reducing the increasing pressure of exploding population on our developing economy, rapid industrialization is a must. We can use more capital and technologies.
