What is importance of a manufacturing industries?
Answers
1] Manufacturing industries is source of employment it provides jobs to the large number of peoples as to qualified and also Non-qualified peoples.
2] Manufacturing industries provides many products to the people which is useful for the households works. And also it fulfil all the needs of the people.
3] Manufacturing industries do not requires much land hence it also provide large number of employment to peoples.
4] Industries supply the product in different countries it helps to bring the foreign exchange in our country. Hence our economic condition will becomes better.
Answer:
A. Manufacturing sector is considered the backbone of development in general and economic development because-
Manufacturing industries help in modernizing agriculture.
They reduce the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sectors.
Helps in eradication of unemployment and poverty.
Helps in bringing down regional disparities by establishing industries in tribal and backward areas.
Exports of manufactured goods expand trade and commerce and bring much-needed foreign exchange.
India should convert its raw materials into a wide variety of furnished goods in order to prosper.
B. Agriculture and Industry go hand-in-hand. For example, in agro-industries, agriculture helps industries by providing raw materials and industries provide products such as irrigation pumps, fertilizers, pesticides, etc.
C. We can compete with international markets, if our manufactured products are at par in quality with international products.