Read the passage and answer the questions given :

The object of economic development is the improvement of the level of crores of our countrymen. This means having a bigger and bigger supply of food, clothes, housing and such other things and greater facilities for medical care, education and cultural growth, that is, having more and more of what economists call consumer goods and services. Our aim, then must be to increase continually the production of consumer goods.

How can this be done? To some extent by using traditional methods of production, such as weaving and handicrafts and by employing idle hands to the fullest possible extent. This would give employment to millions of our countrymen who are sitting idle for the whole or a good part of the day for lack of gainful work. But this can go only part of the way.

To increase production in a really big way, we must use machinery. For eighty or ninety years or more we have been manufacturing cloth in textile factories. Where did we get the machinery for this purpose? We have been importing it from abroad. Why? Because we did not have factories to produce machinery. This brings us to the heart of the problem.

Machinery is made of steel and other metals. The cost of such materials is small and is often only ten or fifteen percent of the price we pay to purchase the machinery from abroad. If we use our own steel and raw materials and make the machinery ourselves, we can have much more than what we can purchase from abroad. Obviously then, we must set-up factories to manufacture heavy electrical and other equipment.