Choose that the given statement is true/false:

The industrial sector is crucial for the economy.

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True

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Detailed Solution

The above statement is true.
The following details highlight how crucial industry is to the economy: Structural Change: As a result of industrial progress, the economic structure changes. It implies a decrease in the economy's reliance on agriculture. Source of Employment: The Indian economy has a vast and unemployed skilled labour population. The creation of sectors can produce a considerable number of jobs. Strengthen economic growth even more. As industrialization advances, the capital goods sector will also begin to thrive. This promotes investment and development and aids in further economic expansion. Infrastructure Growth: As industrialization spreads, economic infrastructures like roads, dams, banks, insurance, and communication facilities become more and more necessary, which promotes their expansion.

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