what is the importance of manufacturing industries for the nation like india ? explain?
Answers
Explanation:
The economic strength of a country lies in the development of manufacturing industries because:
(i) Manufacturing industries help in modernising agriculture which forms the backbone of our economy.
(ii) It reduces the heavy dependence of people on agriculture sector and creates jobs in secondary and tertiary sectors.
(iii) It is necessary for the removal of unemployment and poverty
(iv) It brings down regional disparities.
(v) Export of manufactured goods expands trade and commerce and enhances prosperity.
(vi) It brings much needed foreign exchange
× It helps in modernizing agriculture, reduces heavy dependence on agricultural income by providing jobs in non-agricultural sectors.
× Industries help in creating jobs and generating more income.
× Export of manufactured goods expands trade and brings in foreign exchange.
× Industrial development brings prosperity to the country.
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