What is the impact of industrial development on employment generation?
Industries play a very crucial role in employment generation and economic development. It is the main sector in our Indian economy which generates massive employment opportunities for those people who are skilled and semi-skilled. Industries are set up in local areas by considering the factors that are important such as labour, raw material, transportation, etc. Since labour is one of the important factor of input, it should be considered before setting up any industries. Industries should be started in the labor abundant region, therefore, they can employ more laborers. When there is an employment generation, there will be economic growth. Therefore this is the way in which employment is being generated.
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