Question

Explain the importance of manufacturing sector in the indian economy

Answer 1

Answer:

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Importance of manufacturing industry is as follows :

It has helped in modernising agriculture by manufacturing tractors, tools and machines used in cultivation. .. Manufacturing industries have helped in eradication of unemployment and poverty.

It has helped in the growth and boom in economy.

The economic strength of a country is measured or judged from the development of manufacturing industries .

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Answer 2

Answer:

The services sector has also paved the way for a continuous growth of its IT and IT enabled services (ITeS) sector and thereby helping the economy of the country to attain higher growth both in terms of GDP share, employment, exports etc. which has put India on the global map.