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Question

'The Iron and Steel industry constitutes the backbone of modern industrial economy'. Give two reasons to justify the statement.

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Solution

i. Most of the important industries such as automobile, locomotives, rail tracks, shipbuilding, machinery and tools and manufacture of defence equipment depend on iron and steel industry.
ii. The production and consumption of iron and steel are one of the most significant measures of the level of industrialisation and economic growth of a country.

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