Why is the economic Strength of a country measured by the development of manufacturing industries ?Explain with examples
Answers
(a) Manufacturing industries help in modernising agriculture which forms the backbone of our economy.
(b) It helps reducing the pressure of people from agricultural sector by giving them jobs in industrial sector.
(c)They reduce the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sectors.
(d)Manufacturing goods expand trade and commerce
(e) It is necessary for the removal of unemployment and poverty.
(f)It increases the GDP / National Income of the country.
(g)Expansion of manufactured goods.
(h) Export of manufactured goods expands trade and commerce and enhances prosperity.
(i) It brings much needed foreign exchange.
(j)Manufacturing goods expand trade and commerce.
(k)Manufacturing is the process of value addition.
(l)It also brings down regional disparities by establishing industries in tribal and backward areas.
(m)All round development depends on industries.
.(n)Reduce the heavy dependence of people on agricultural income by providing them jobs.
(o)India’s prosperity lies in increasing and diversity of its manufacturing industries as quickly as possible.