WHY IS THE PRODUCTION AND CONSUMPTION OF STEEL REGARDED AS THE INDEX OF A COUNTRY'S DEVELOPMENT? EXPLAIN IN 3 POINTS.
Dear Student,
Creation or production and utilization of steel is regularly viewed as the file of a nation's turn of events". The per capita utilization of steel has expanded from 57.6 kgs to 74.1 kgs during the most recent five years. According to Indian Steel Association (ISA), steel request will develop by 7.2% in 2019-20 and 2020-21.
(I) Steel creation is the foundation of any country's economy since it is the fundamental unit for the improvement of the country.
(ii) Almost every industry relies upon iron and steel for its assembling and creation.
(iii) In the present period of globalization, utilization of merchandise is expanding. Subsequently, it very well may be presumed that development underway of steel is viewed as the file of nation's turn of events.
Regards.
Creation or production and utilization of steel is regularly viewed as the file of a nation's turn of events". The per capita utilization of steel has expanded from 57.6 kgs to 74.1 kgs during the most recent five years. According to Indian Steel Association (ISA), steel request will develop by 7.2% in 2019-20 and 2020-21.
(I) Steel creation is the foundation of any country's economy since it is the fundamental unit for the improvement of the country.
(ii) Almost every industry relies upon iron and steel for its assembling and creation.
(iii) In the present period of globalization, utilization of merchandise is expanding. Subsequently, it very well may be presumed that development underway of steel is viewed as the file of nation's turn of events.
Regards.