what is the importance of manufacturing sectors
Answers
Explanation:
Importance of Manufacturing
Manufacturing industries help in modernising agriculture as it provides jobs in secondary and tertiary sectors. It helps in the eradication of unemployment and poverty. Export of manufactured goods expands trade and commerce, and brings in much needed foreign exchange.
Manufacturing industries are important for India:
1. It helps in modernizing agriculture, which is the base of our economy.
2. It reduces heavy dependence on agricultural income by providing jobs in non-agricultural
sectors.
3. Industrial development is necessary for eradication of poverty and unemployment
because people get jobs and generate more income.
4. Export of manufactured goods expands trade and brings in much needed foreign
exchange.
5. Industries bring riches faster to a nation because manufacturing changes raw materials
into finished goods of a higher value, so industrial development brings prosperity to the
country.