“The economic strength of a country is measured by the development of manufacturing industries”. Support the statement with arguments.
Answers
Explanation:
Role of manufacturing industries in the economic development:
1. Manufacturing sector is considered as the backbone of development.
2. All round development depends on industries.
3. Industries help in modernising agriculture.
4. Reduce the heavy dependence of people on agricultural income by providing them jobs.
5. Industrial development is a precondition for eradication of unemployment and poverty from the country.
6. It was aimed at bringing down regional disparities.
7. Expansion of manufactured goods.
8. Trade and commerce brings in much needed foreign exchange.
9. India’s prosperity lies in increasing and diversity of its manufacturing industries as quickly as possible.
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Answer:
this statement is totally correct,
the reason is as follows :
a manufacturing industry is the one in which the products are produced for consumption by common people and if the number of manufacturing industries would be increased then the production of a country would increase and it would be able to supply its materials to the other countries as well.
also if there would be a large number of manufacturing industries then people will be given more job opportunities and they will earn more.
when a country would supplied material to other countries then it will be able to get enough of the foreign exchange which is important for increasing any country's economy.
and all this would definitely lead to the increase in economic strength of the country...
Explanation:
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