EMERGING ISSUES IN INDIAN ECONOMY — Economics STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsEMERGING ISSUES IN INDIAN ECONOMY2 Marks
Question
"Development railway in India has functioned as an engine of economic development" Discuss the statement.
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Answer
Importance of Railways in India:
Development of railways in India has played the role of an engine of economic development.
$(1)$ Owing to the progress of railway occupational velocity has become remarkable.
Heavy machinery required for production, raw material, or semi finished goods are transported to industries and finished goods are brought in the market.
All these have been through railway and as a result of it, business has been become progressive and farther.
$(2)$ Long distance travel has become comfortable, speedy and safe.
Therefore geographical dynamism of a labourer has increased.
It has provided labour to trade and commerce.
$(3)$ Due to the development of railway, agriculture sector has developed faster.
Required fertilizers for agriculture, equipment are sent to distant places through railway and agriculture products are transported to the market and farmers have been able to attain reasonable price.
$(4)$ India's foreign trade has developed through the development of railway.
Transportation of goods from the interior parts of the country is very fast and safely it is carried out through railway.
$(5)$ Tourism sector is developed due to the progress of railway and indirectly new sector of employment has developed with the development of railway.
Contact with various areas has been possible which results into cultural integrity in the nation.
Therefore development of railway has proved important link for national integrity.
$(6)$ Railway carries goods and provides faster service during natural calamities like famine flood, etc. and saves the lives of many people.
Services of railway are important to maintain national unity and integrity.
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