what is manufacturing sector ? why is it consider the backbone of development? Interpret the reason.
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secondary sector is known as backbone of development
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Definition of Manufacturing Sector :
Production of goods in large quantities after processing from raw materials to more valuable products is called manufacturing.
It is considered as backbone of development because:
(i) It not only helps in modernising agriculture but also forms the backbone of our economy.
(ii) Industrial development is a precondition for eradication of unemployment and poverty from our country.
(iii) Export of manufactured goods expands trade and commerce.
(iv) Countries that transform their raw materials into a wide variety of finished goods of higher value are prosperous.
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