Question

Manufacturing sector is considered as the backbone of economic development of the country. Support the statement with examples​

Answer 1

Manufacturing sector is considered as the backbone of economic development of the country. Support the statement with examples.

1. Manufacturing sector helps in modernising agriculture which increases agricultural productivity.
2. 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.
3. It reduces poverty as well as unemployment from the country.
4. The development of the manufacturing sector also aims to minimise regional disparities by setting up industries in tribal and backward regions of the country.
5. The export of manufactured goods expands trade and commerce.
6. The export of a wide variety of manufactured goods to other countries also brings in foreign exchange.

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Answer 2

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Production of goods in large quantities after processing from raw materials to more valuable products is called manufacturing.

It is considered as backbone of development because:

• It not only helps in modernising agriculture but also forms the backbone of our economy.
• Industrial development is a precondition for an eradication of unemployment and poverty from our country.
• Export of manufactured goods expands trade and commerce.
• Countries that transform their raw materials into a wide variety of finished goods of higher value are prosperous.