Business Studies, asked by Anonymous, 1 year ago

How is manufacturing sector considered as the backbone of the economic development of the country?


Anonymous: Please replu!!!
Anonymous: Shut up
Anonymous: Can u be my friend dear?
Anonymous: Hi
Anonymous: Halo to both u
Anonymous: Pls
Anonymous: Halo meera
Anonymous: Hlo

Answers

Answered by Anonymous
26
The manufacturing sector isconsidered as the backbone of the economic development of the countrybecause of the following reasons:

(i) Manufacturing sector helps in modernising agriculture which increases agricultural productivity.

(ii) Since a huge portion of India's population is dependent upon agricultural income, the manufacturing sector diminishes the heavy dependence of people on agriculture and provides jobs to a large number of people in the industrial as well as the service sectors.

(iii) 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.

(iv) The export of manufactured goods expands trade and commerce.

(v) 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.

Anonymous: bhai tereko to sapno me dost banna ha ban ja
Anonymous: i never comment.
Anonymous: hello @ minhaj4mak
Anonymous: remember who i am
Answered by Anonymous
8
Hello MaTe!!

✋✋✋✋

The Answer Is ==> The manufacturing sector isconsidered as the backbone of the economic development of the countrybecause of the following reasons: (i)Manufacturing sector helps in modernising agriculture which increases agricultural productivity. ... (iv) The export of manufactured goods expands trade and commerce.

#ThanKx
Similar questions