Explain the effect of secession of industrial development

Constitution Of India
  1. Conflict and instability arising due to secession are major hindrances to industrial development and progress.
  2. Industrial development plays a crucial role in tempering secessionist movements.
  3. Industrial growth is severely stifled due to secession. As a result, there is less industry for job creation, leading to a swelling population of unemployed individuals.
  4. Hence the markets do not achieve maximum efficiency in production.
  5. Due to this resources are used inefficiently and without long-term vision.
  6. This results in the steeper cost of providing public goods.
  7. The lack of domestic industry forces the particular state to depend upon central government funding.
  8. Secession is economically very costly.
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