Q. 25.0( 3 Votes )

How can industrialization assist in bringing in foreign exchange?

Answer :

For the development of the country industrial development should be the main concern which will eradicate poverty and unemployment. Public sector industries and joint sector ventures in India consider this as their main philosophy. By the establishment of the industries in tribal and backward areas, regional disparities and difference among the people will gradually come down. It is true, that Industrialization assists in bringing in foreign exchange. Manufactured goods which are exported which increases trade and commerce of the country which in turn brings foreign exchange.


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