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in Industrial Clusters in Tamil Nadu by (49.1k points)
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What are the contributions of industrialization to development?

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1. Industries contribute by producing inputs such as fertilizers and tractors to agriculture thereby help them to increase productivity. 

2. Services like Banking, transport and trade are dependent on the production of Industrial goods. 

3. By using modem methods of production Industries contribute to better productivity and hence lower cost of production: 

4. Industries helps to absorb the labour force coming out of agriculture.

5. By using modem technology, labour productivity increases, which help workers to get higher wages. 

6. Increased income of the people lead to more demand for goods and services. 

7. By producing more Industrial products, exports increases, thereby generate more foreign exchange.

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