Consider the following statements: Industrial development in India, to an extent, is constrained by:
Consider the following statements:
Industrial development in India, to an extent, is constrained by:
1. lack of adequate entrepreneurship and leadership in business
2. lack of savings to invest
3. lack of technology, skills and infrastructure
4. limited purchasing power among the larger masses
Which of the above statements are correct?
(a) 1, 2 and 3 (b) 1, 3 and 4 (c) 2, 3 and 4 (d) 1, 2 and 4
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(b) A large scale industry will employ more capital, have a large turn power and will use more of power. It will use less labour as it is capital intensive. India has a very high rate of savings. It is the structural constrains which limit the rate of growth.
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