explain that iron is the backbone of the industry

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Question

explain that iron is the backbone of the industry

Charu · Accepted Answer

Iron and steel is the basic industry
and serves as the backbone of our economic
development
a It provides raw materials, all types
of machinery to run other industries For example, machine,
engineering industries
b This sector has helped in the
generation of several small scale industries, supporting power,
transport, communication Industries in India
c
Iron
is required for the development of infrastructure
like bridges
and also for the manufacturing of modes of transportation
like trains
and ships etc
d To meet the needs
of increasing population,
excessive industrialization, India has substantially increased its
production of iron and steel
e India today produces 73 42 (
2011-12 data) million tons of total finished steel and ranks fourth
largest among the World crude steel producers ( 2012 data
)
f India is the largest producer
of sponge iron
g Today there are 10 primary
integrated and many mini steel plants in India
h Major producers of iron and
steel are Tata Steel,
SAIL, Jindal steel and
Power limited, Essar steel
i Iron is also exported to many
countries thereby leading to inflow of foreign capital