Question

"The economic strength of a country is measured by the development of manufacturing industries"?Justify.

Answer 1

The economic strength of a country is measured by the development of manufacturing industries because:-

1. Modernization of industry not only leads to modernization of agriculture but it also decreases the vast amount of people working in the agricultural sector by providing them jobs in the secondary and tertiary sectors.

2. Industries are very important in eradicating poverty and unemployment. This was the reason why public sector and joint sector industries were established.

3. Industries can also help reduce regional disparities by setting up of industries in rural and backward areas.

4. Industries expand trade and commerce and bring much needed foreign exchange.

5. Countries that transform their raw material to more value added products are prosperous. India's prosperity lies in converting its raw material to finished goods.

Answer 2

1.manufacturing disease is the backbone of development
2.all round development depends on industries
3.Industries helps in modernizing agriculture
4.reduces the heavy dependence of people on agriculture by giving them jobs
5.expansion of manufactured goods
6.trade and commerce brings inmuch needed foreign exchange
7.it is always need to bring down the regional disparities


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