Industrial growth and its role in ushering inclusive growth

  • Industrial development is necessary for modernisation of agriculture.
  • Industrial development encourages the development of science and technology.
  • Urbanisation succeeds industrialisation. Industrialisation in a particular region brings growth of transport and communication.
  • To achieve self-reliance in defence production, industrialisation is necessary.
  • Industrialisation plays an important role in the promotion of trade. The advanced nations gain in trade than countries who are industrially backward.
  • Poverty and unemployment can be eradicated quickly through rapid industrialisation.
  • Industry is viewed as leading sector to economic development. Industrial development helps in the rapid growth of national and per capita income.