Question

Considering India’s population, the development of industries is a good solution to the problem of unemployment Explain.

Answer 1

1. India apart from being highly populated country has massive unemployment and poverty. Industrial development will help to overcome the problem of unemployment.
2. When the new industries are started, it needs huge land and labourers. For producing the output for industries, number labourers will be employed. These employed labourers will increase the employment status of the economy.
3. The increase in employment will simultaneously increase the income of the people, then overall GDP of the economy increases. GDP is the national income of the country. When the GDP rises, there will be an increase in the standard of living of the people.
4. The standard of living ensures the rise in the development of the infrastructure, health, education and many other social factors. Therefore with a minimum effort of introducing a new industry, there is a massive impact in the economy as a whole. Then, it can be said that the development of industries is a good solution to the problem of unemployment.