what is the important manufacturing five point
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Answered by
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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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
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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