0. What is manufacturing? Give an example to show how does manufacturing lead to value addition of the
raw material? Give three reasons why is manufacturing sector considered the backbone of economic
development of the country.
Answers
Answer:Write the importance of ‘manufacturing sector’ for our nation.
Or, “Manufacturing industry is considered the backbone of economic development of India.” Give reasons. (2015 OD, 2011 D)
Answer:
Importance of manufacturing industries for India:
It helps in modernizing agriculture, which is the base of our economy.
It reduces heavy dependence on agricultural income by providing jobs in non-agricultural sectors.
Industrial development is necessary for eradication of poverty and unemployment because people get jobs and generate more income.
Export of manufactured goods expands trade and brings in much needed foreign exchange.
Industries bring riches faster to a nation because manufacturing changes raw materials into finished goods of a higher value, so industrial development brings prosperity to the country.
Explanation:
Answer:
It is considered as backbone of development because:
(iii) Export of manufactured goods expands trade and commerce. (iv) Countries that transform their raw materials into a wide variety of finished goods of higher value are prosperous.