Read the Data in the table Given Below and Answer the Questions that Follow: Why is Production and Consumption of Steel Considered as an Index of a Country’s Development?

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Read the data in the table given below and answer the questions that follow:

Total production of finished steel in India
YearProduction
(in million tonnes)
2015- 2016106.60
2016- 2017120.14
2017- 2018126.85
2018- 2019101.29
2019- 2020102.62
Why is production and consumption of steel considered as an index of a country’s development?




Production and consumption of steel are often regarded as the index of a country's development because the following reasons:

1. The products of these enterprises are used as the raw material in different industries.
2. Steel creation is the foundation of any country's economy since it is the fundamental unit for the improvement of the country.
3. In the present period of globalization, utilization of products is expanding. Consequently, it tends to be reasoned that development underway of steel is viewed as the list of nation's turn of events.






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