What is the contribution of industries to the national economy of india
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* Manufacturing industries develop a nation’s economy in many ways.
* The term manufacturing refers to production of valuable goods from raw materials available through various sources.
* For example, Paper is manufactured from pulp of trees, sugar from sugarcane, iron and steel are manufactured from iron ore which is a mineral source and many more.
* Industries develop our agricultural sector thereby creating more job opportunities not only in this sector but also in other sectors.
* By development of industries, poverty and unemployment problems are eradicated as people get more jobs in industrial sectors.
* When goods produced in industrial sector are exported, they earn good foreign exchange which in turn highlight our economy in the first position amongst other countries.
* Thus, the economic strength of a country is calculated by its development of industries.
* The term manufacturing refers to production of valuable goods from raw materials available through various sources.
* For example, Paper is manufactured from pulp of trees, sugar from sugarcane, iron and steel are manufactured from iron ore which is a mineral source and many more.
* Industries develop our agricultural sector thereby creating more job opportunities not only in this sector but also in other sectors.
* By development of industries, poverty and unemployment problems are eradicated as people get more jobs in industrial sectors.
* When goods produced in industrial sector are exported, they earn good foreign exchange which in turn highlight our economy in the first position amongst other countries.
* Thus, the economic strength of a country is calculated by its development of industries.
Answered by
5
Hello Mate,
The process of production of goods in large number by using machines is called manufacturing.
Manufacturing industries help in modernizing agriculture.
Manufacturing industries also reduce the heavy dependence of people on agricultural income by creating new jobs in secondary and tertiary sectors.
Industrial development helps in eradication of unemployment and poverty and helps in bridging regional disparities.
Export of manufactured goods expands trade and commerce and brings in much needed foreign exchange.
A country with high level of manufacturing activities transforms raw materials into finished products creating more choices for the consumers and a more prosperous society.
Hope this helps you
The process of production of goods in large number by using machines is called manufacturing.
Manufacturing industries help in modernizing agriculture.
Manufacturing industries also reduce the heavy dependence of people on agricultural income by creating new jobs in secondary and tertiary sectors.
Industrial development helps in eradication of unemployment and poverty and helps in bridging regional disparities.
Export of manufactured goods expands trade and commerce and brings in much needed foreign exchange.
A country with high level of manufacturing activities transforms raw materials into finished products creating more choices for the consumers and a more prosperous society.
Hope this helps you
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