Why industry considered as secondary activities in India? small answer...
Secondary activities are those activities which are concerned with Production and Manufacturing and since the main function of industries to produce goods Industries are considered as secondary activity in India.
Why industry considered as secondary activities in India? small answer...
Industry in India is considered as a secondary activity because it involves the transformation of raw materials into finished or semi-finished products. It is the second stage of economic activity in the production process, after primary activities such as agriculture, mining, and forestry.
Importance of Industry in India
- Economic Growth: The growth of industry in India has contributed significantly to the country's economic growth. It has generated employment opportunities and increased the standard of living of people.
- Export earnings: The industrial sector in India has also helped in increasing the country's foreign exchange earnings through exports of manufactured goods.
- Technological advancements: Industry has played a crucial role in the development of technology and innovation in the country. It has led to the creation of new products, processes, and services.
- Infrastructure Development: The development of infrastructure such as roads, ports, airports, and power plants has been achieved due to the growth of the industrial sector.
- Diversification of economy: The growth of industry has led to the diversification of the economy, reducing dependence on agriculture and promoting the growth of other sectors.
Challenges faced by the Industry in India
- Lack of skilled manpower: The industrial sector in India faces a shortage of skilled manpower, which is a major impediment to the growth of the sector.
- Infrastructure constraints: Infrastructure such as power, transportation, and communication facilities is inadequate, affecting the productivity of the industrial sector.
- Regulatory hurdles: The process of obtaining licenses and approvals for setting up industries is cumbersome and time-consuming, discouraging entrepreneurs from investing in the sector.
- Competition from other countries: The industrial sector in India faces stiff competition from other countries, which has led to a decline in the country's share of global trade.
Conclusion
Industry in India plays a crucial role in the economic development of the country. The government needs to create an enabling environment for the growth of the sector by addressing the challenges faced by the industry. This will help in increasing the contribution of the industrial sector to the country's GDP, generating employment opportunities, and promoting the growth of the economy.
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