Why is manufacturing important?
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A vibrant manufacturing base leads to more research and development, innovation, productivity, exports, and middle-class jobs. Manufacturing helps raise living standards more than any other sector. Manufacturing generates more economic activity than other sectors.
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Manufacturing is important because of the following factors :-
■ Reduces dependent on agriculture .
■ Eradication of unemployment and poverty.
■ Reduces regional disparities in terms of development.
■ Expands trade and commerce .
■ Increases prosperity .
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