Business Studies, asked by viksou, 1 year ago

manufacturing industry is important for the growth of the nation, EXPLAIN

Answers

Answered by riyakant123
7
yes manufacturing industries is important for the growth of nation because
it gives employment to the unemployment people.
it helps to maintain the condition of the rural areas.
export of manufactured goods brings foreign exchange.
industries helps in modernising agriculture by manufacturing modern implements.
Answered by Anonymous
1

Answer:

A. Manufacturing sector is considered the backbone of development in general and economic development because-

Manufacturing industries help in modernizing agriculture.

They reduce the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sectors.

Helps in eradication of unemployment and poverty.

Helps in bringing down regional disparities by establishing industries in tribal and backward areas.

Exports of manufactured goods expand trade and commerce and bring much-needed foreign exchange.

India should convert its raw materials into a wide variety of furnished goods in order to prosper.

B. Agriculture and Industry go hand-in-hand. For example, in agro-industries, agriculture helps industries by providing raw materials and industries provide products such as irrigation pumps, fertilizers, pesticides, etc.

C. We can compete with international markets, if our manufactured products are at par in quality with international products.

Similar questions