Question

$what \: is \: importance \: of \: manufacturing$
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Answer 1

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☞︎︎︎Manufacturing industries not only help in modernising agriculture, they also reduce the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sectors.

☞︎︎︎Industrial development is a precondition for eradication of unemployment and poverty from our country. This was the main philosophy behind public sector industries and joint sector ventures in India. It was also aimed at bringing down regional disparities by establishing industries in tribal and backward areas.

☞︎︎︎Export of manufactured goods expands trade and commerce, and brings in much needed foreign exchange.

☞︎︎︎Countries that transform their raw materials into a wide variety of furnished goods of higher value are prosperous.

Answer 2

Answer:

$importance \: of \: manufacturing -$

Importance of Manufacturing

The manufacturing sector is considered the backbone of development due to the following reasons:

• Manufacturing industries help in modernising agriculture as it provides jobs in secondary and tertiary sectors.
• It helps in the eradication of unemployment and poverty.
• Export of manufactured goods expands trade and commerce, and brings in much needed foreign exchange.
• It helps in prospering the country by giving a boost to the economy.
• Contribution of Industry to National Economy
• The trend of growth rate in manufacturing over the last decade has been around 7 per cent per annum.