Question

write a short note on the contribution of industry in national income

Answer 1

Industries contributes approximately 26% of GDP and it employs nearly 22% of the total work force. Many industries supply essential inputs to the agricultural sector and to the other sectors of the economy. The sectoral shift of an economy from the agriculture sector to the industrial sector and further to the service sector symbolises the development process of an economy. The advancement of the industrial sector contributes to overall growth and development through various forward and backward linkages.