Give 3 reasons why is manufacturing sector considered the backbone of development
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Due to following reasons manufacturing sector is considered the backbone of economic development of the country
(i) Manufacturing industries help in modernising agriculture. For example, industries providing fertilisers machinery have given a major boost to agriculture by raising its productivity.
(ii) Industrial development is required for eradication of unemployment and poverty. An example is the establishment of industries in tribal and backward areas, which bring down regional disparities.
(iii) Countries that transform their raw materials into a wide variety of finished goods of higher value are prosperous. For example, USA.
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(i) Manufacturing industries help in modernising agriculture. For example, industries providing fertilisers machinery have given a major boost to agriculture by raising its productivity.
(ii) Industrial development is required for eradication of unemployment and poverty. An example is the establishment of industries in tribal and backward areas, which bring down regional disparities.
(iii) Countries that transform their raw materials into a wide variety of finished goods of higher value are prosperous. For example, USA.
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☺️☺️The reasons are listed below☺️☺️
1.The export of a wide variety of manufactured goods to other countries also brings in foreign exchange which leads to economic development of the country.
2.It reduces poverty as well as unemployment from the country. The development of the manufacturing sector also aims to minimise regional disparities by setting up industries in tribal and backward regions of the country.
3.The export of manufactured goods expands trade and commerce.Thus it helps in development of trade centers
1.The export of a wide variety of manufactured goods to other countries also brings in foreign exchange which leads to economic development of the country.
2.It reduces poverty as well as unemployment from the country. The development of the manufacturing sector also aims to minimise regional disparities by setting up industries in tribal and backward regions of the country.
3.The export of manufactured goods expands trade and commerce.Thus it helps in development of trade centers
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