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EMERGING ISSUES IN INDIAN ECONOMY — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsEMERGING ISSUES IN INDIAN ECONOMY5 Marks
Question
Urbanization and industrialization go hand in hand. Explain.
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Answer

  • Development of industries is essential for development of economy.
  • Government provides several incentives such as cheap land, tax-free zones, modern infrastructure, etc. at urban locations to encourage industrial . development.
  • When people put industries they need workers. People from different regions migrate to these urban areas to work in these industries. This results in urbanization.
  • Again to provide various facilities and goods, both private and public sector establishes new industries.
  • Thus, this cycle goes on and hence one can say that urbanization and industrialization go hand in hand.

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