Question

Why is the economic strength of a country lies in the development of manufacturing industries. explain with example?

Answer 1

Role of manufacturing industries in the economic development:

Manufacturing sector is considered as the backbone of development.All round development depends on industries.Industries help in modernising agriculture.Reduce the heavy dependence of people on agricultural income by providing them jobs.Industrial development is a precondition for eradication of unemployment and poverty from the country.It was aimed at bringing down regional disparities.Expansion of manufactured goods.Trade and commerce brings in much needed foreign exchange.India’s prosperity lies in increasing and diversity of its manufacturing industries as quickly as possible.

I hope it helps_