Geography, asked by sahilkwats6311, 1 year ago

why manufacturing industry important for economic development of a country

Answers

Answered by Shreya93
4
IMPOTENCE OF MANUFACTURING :-

* Manufacturing industries not only help in modernising agriculture, which forms the backbone of our economy, but they also reduce the heavy dependency on agricultural income by providing them jobs in the secondary and tertiary sector.

* Industrial development is a precondition for the eradication of unemployment and poverty from our country.
It was also aimed at bringing down the regional disparities by establishing industries in backward and rural areas.

* Exports of manufactured goods expands trade and commerce and brings in much needed foreign exchange.

* Countries that transform their raw materials into a wide variety of furnished goods of higher value are prosperous.



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