Analyse Role Of Manufacturing Sector In Economic Development Of India?
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Answer
➡ Manufacturing industries not only help in modernizing agriculture but also reduces the heavy dependence of people on agriculture income.
➡ Eradication of Unemployment and poverty.
➡ Export of manufactured goods expands trade and commerce and brings in much needed foreign exchange.
➡ Countries that transform their raw material into a wide variety of furnished goods of higher value are prosperous.
Answer:
The role of the manufacturing sector in the economic development of India : (a) Manufacturing industries help in modernising agriculture which forms the backbone of our economy.
(b) It reduces the heavy dependence of people on the agriculture sector and creates jobs in secondary and tertiary sectors.
(c) It is necessary for the removal of unemployment and poverty.
(d) It brings down regional disparities.
(e) Export of manufactured goods expands trade and commerce and enhances prosperity.
(f) It brings much needed foreign exchange.