"The economic strength of a country is measured by hte development of manufacturing industries "support the answer with argument.
Answers
Answer:
Manufacturing sector is considered the backbone of development in general and economic development in particular mainly because–
• Manufacturing industries not only help in
modernising agriculture, which forms the
backbone of our economy, 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.
India’s prosperity lies in increasing and
diversifying its manufacturing industries as
quickly as possible.
Thus, the economic strength of a country is measured by the development of manufacturing industries.