Geography, asked by ankitsharma83, 1 year ago

what is the important manufacturing five point

Answers

Answered by aditya2253812
166
Importance of manufacturing industry is as follows:

It has helped in modernising agriculture by manufacturing tractors,  tools and machines used in cultivation.

It has reduced employment pressure on agriculture

It has brought in much needed foreign exchange

It has expanded trade and commerce

Manufacturing industries have helped in eradication of unemployment and poverty

It has helped in the growth and boom in economy. 

Manufacturing industries have contributed 17% of our GDP. Its growth was stagnated earlier. However, since 2003, it is growing at a rate of 9-10% per annum.

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Answered by arunasreecom
56

Answer:

•Manufacturing industries not only help in modernising agriculture,it forms the backbone of our economy.

•They also reduce the heavy dependence of people on agriculture income by providing them jobs in secondary and tertiary industries

•export of manufactured goods expands trade and commerce,and brings in much needed foreign exchange

•It aims at bringing down regional disparities by establishing industries

•India's prosperity lies in i increasing and diversifying manufacturing industries as quickly as possible.

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