Manufacturing industry is considered the backbone of economic development of India"". Give three reasons.
Answers
Answered by
47
it is because
1. it helps in modernising agriculture
2.reduces the heavy dependence of people on agriculture.
3. export of manufactured goods expands trade and commerce.
Answered by
63
Manufacturing Industry
Explanation:
The manufacturing industry is the backbone of economic development of a country due to various reasons:
- Manufacturing helps to modernize agriculture and thus increase agricultural productivity.
- The sector reduces dependence on agriculture for income and provides jobs to a large number of people.
- Reduces poverty and unemployment.
- Manufacturing can help reduce regional disparities by setting up industries in economically backward or tribal regions of the country.
- Export of manufactured goods will improve trade and commerce and brings in foreign exchange, which leads to economic development of the country.
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