Question

why is the economics strength of a country measured by the development of manufacturing industries ?explain with the examples​

Answer 1

Answer:

The economic development of a country is measured by the development of manufacturing industries by the following ways: Manufacturing industries help in modernizing agriculture which forms the backbone of our economy. ... Manufacturing goods expand trade and commerce. Export brings in much needed foreign exchange.It increases the GDP / National Income of the country.Expansion of manufactured goods. Export of manufactured goods expands trade and commerce and enhances prosperity.

It brings much needed foreign exchange.

Manufacturing goods expand trade and commerce.

Manufacturing is the process of value addition.It also brings down regional disparities by establishing industries in tribal and backward areas.All round development depends on industries.

Reduce the heavy dependence of people on agricultural income by providing them jobs.  India’s prosperity lies in increasing and diversity of its manufacturing industries as quickly as possible.

Explanation: