"Manufacturing sector is considered as the backbone of economic development of a country." Support the statement with examples
Answers
Answer:
The manufacturing sector is considered as the backbone of the economic development of the country because 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.
Given: Manufacturing sector is considered as the backbone of economic development of a country." Support the statement with examples
Answer:
Manufacturing sector are considered is the backbone of economic to development of the country due to following reasons
Explanation:
i ) The Manufacturing industriesis not only help in the modernizing agriculture forms the backbone of our economy they are also reduce to the heavy dependence people on agricultural income by providing to the jobs in secondary and tertiary sectors.
ii Industrial development is eradicates unemployment and poverty in our country. This is the main philosophy of behind public sector industries and there are joint sector ventures in India.
iii) It is also tries to reduce regional disparities by establishing industries in the tribal and backward areas.
iv) Export of manufactured to goods expand trade and also commerce and brings in much needed to foreign exchange.
v) it is Countries that transform their raw materials into a wide variety of furnished goods of high values are prosperous.
India’s prosperity lies in increasing and diversifying its manufacturing industries as quickly are possible.
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