Question

India's prosperity lies in increasing and diversifying it's manufacturing industries as quickly as possible . Explain

Answer 1

India’s prosperity lies in the diversified and manufacturing industries is a true statement.

Explanation:

• In the last decade, India has made great progress in the field of trade, economy, and this is highly commendable.
• India is a country that is quite stable economically and can be a competition to other powerful countries. The main economic help which India gets is from the industries.
• Software and IT industries have created a boom in the Indian market.
• At such a rate it is predicted that India will become the country with the most powerful economy in the coming 30 years.

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India's prosperity lies in increasing and diversifying it's manufacturing industries as quickly as possible. Explain.

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Answer 2

Increasing the base of manufacturing industry helps the nations to be self reliant.

Explanation:

• India being a diverse country has a variety of manufacturing sectors, companies, and S.E.Z that operate 24/7 and the manufacturing sector helps to modernized Indian and agriculture.

• They also reduce the dependence on agriculture and provide them with jobs and reduce unemployment and poverty rates.

• Helps to bring down the regional disparities, exports of manufacturing goods being down the regional disparities. Broadening the base of manufacturing helps to bring more foreign exchange earnings.

• Due to the wide scale of manufacturing industries, 27% of this sector makes 17% of the GDP.

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• brainly.in/question/13028218 answered by Gratefuljarette.