how is manufacturing sector considered as the backbone of economic development of a country
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Without manufacturing sector the other sector will not be able to work.. No work means no money as income, which will directly affect the GDP of the country.
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Production of goods in large quantities after processing from raw materials to more valuable products is called manufacturing.
It is considered as backbone of development because:
- It not only helps in modernising agriculture but also forms the backbone of our economy.
- Industrial development is a precondition for an eradication of unemployment and poverty from our country.
- Export of manufactured goods expands trade and commerce.
- Countries that transform their raw materials into a wide variety of finished goods of higher value are prosperous.
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