Question : The best exmple of a capital intensve industry in India is
Option 1: Textile industry
Option 2: Steel industry
Option 3: Tourism industry
Option 4: Sports goods industry
Correct Answer: Steel industry
Solution : The correct option is Steel industry.
The steel industry in India is capital-intensive because it requires substantial investments in machinery, infrastructure, and specialized facilities like blast furnaces and rolling mills. It also demands significant capital for raw materials like iron ore and coal, as well as for energy and transportation. Expanding and modernizing steel production capacity involves substantial financial resources. This sets it apart from labor-intensive industries where a larger portion of costs come from labor. This capital-intensive nature reflects the industry's technological sophistication and its crucial role in India's industrialization and economic development.
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