Industrial production is converting raw materials into finished products through a series of manufacturing processes. It is a key driver of economic growth and plays a significant role in developing any country's economy. In this article, we will discuss the importance of industrial production in economic development and the factors that influence it. Importance of Industrial Production Industrial production is essential to any economy, as it creates goods and services that consumers and businesses require. It is the backbone of a modern economy and is crucial in driving economic growth and...
