the economic strength of a country is measured by the development of manufacturing industry "justify the statement
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“The economic strength of a country is measured by the development of manufacturing industries.” “The economic strength of a country is measured by the development of manufacturing industries.” Support the statement with arguments
The economic strength of a country lies in thedevelopment of manufacturing industries because
(a) Manufacturing industries help in modernisingagriculture which forms the backbone of oureconomy.
(b) It reduces the heavy dependence of people onagriculture sector and creates jobs in secondary andtertiary sectors.
(c) It is necessary for the removal of unemploymentand poverty.
(d) It brings down regional disparities.
(e) Export of manufactured goods expands trade andcommerce and enhances prosperity.
(f) It brings much needed foreign exchange.
or
The economic strength of a country is measured by the development of manufacturing industries"
1) When industries develop, the agriculture develops which is considered as backbone of economy of India.
2) It helps reducing the pressure of people from agricultural sector by giving them jobs in industrial sector.
3) It reduces poverty and unemployment problem of India.
4) It reduces regional disparities by being set up in remote areas.
5) It earns foreign exchange which increases the income of the country.
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