Industries play an important role in the economic development of any nation. Without industries, economic development is impossible. Industries offer several benefits to the country.
When there is development of industries in the country, there will be the investment of large capital, use of modern machineries, high degree of specialisation and large-scale operations. As a result, there will be greater productivity and higher national income. Higher national income, in turn, will contribute to increase in per capital income. Thus, development of industries will contribute to the growth of national and in per capital income in the country.Industrialisation creates more and varied employment opportunities, and thereby, reduce the problem of unemployment