What Do You Understand By Industrial Growth?
The Importance of Industrial GrowthIndustrial growth refers to the increase in the production and expansion of industries in an economy. It is a crucial aspect of economic development as it leads to job creation, increased income, and improved living standards. Industrial growth encompasses various sectors such as manufacturing, construction, mining, and energy, among others. The growth of these sectors contributes to the overall progress of a nation.Factors Driving Industrial GrowthSeveral factors contribute to the growth of industries. One of the key factors is technological advancement. With the continuous development of new technologies, industries are able to enhance their productivity, efficiency,…