Low cost of production
Low cost of production: The introduction of industries have led to the decrease in the cost of production of many essential items. The decrease in cost is the result of economy of Large scale production. It allows to save time and labour. Industrial goods have become more affordable for common people.
Self-sufficient: Before independence, we used to spend hundreds of millions of rupees over import of cloth only, as we had no heavy industries in the real sense of the term. With the advancement of textile industry in our country, we are able to manufacture clothes at a much lower cost. In this way, we made ourselves self-sufficient in providing our basic needs.
Employment: Large industries need thousands of skilled and semi-skilled workers. It provides massive employment opportunity for a large chunk of people.
Improved Agriculture: In the modern age efficient agricultural system is that, which is done with the help of machine and mechanical devices. For this purpose, we have to adopt the latest Industrial system.
Defense and security: But we must keep pace with the march of time. We have to defend our country against foreign aggression. We must manufacture latest weapons, for it is most unwise to depend upon foreign aid for defense of one’s country.