Widening industrial base of the economy

Abstract

This article discusses the importance of broadening the industrial base to strengthen economic growth and resilience. The author argues that a diversified industrial sector reduces dependency on a few export products, increases employment opportunities, and improves technological capacity. The article highlights the need for strategic industrial policy, investment in infrastructure, skilled workforce development, and supportive regulatory frameworks. It emphasizes the role of both public and private sectors in promoting industrialization, innovation, and balanced regional development to achieve sustainable economic progress.