[SOLVED] Describe the importance of manufacturing.

Describe the importance of manufacturing. 

OR 

Describe the importance of manufacturing sector in countries like India. 

OR 

“Manufacturing sector is considered as the backbone of economic development of the country.” support the statement with examples.

Answer:

Best Answer for Describe the importance of manufacturing. 

The economic strength of a country lies in the development of manufacturing industries because: 

(i) Manufacturing industries help in modernising agriculture which forms the backbone of our economy. 

(ii) It reduces the heavy dependence of people on agriculture sector and creates jobs in secondary and tertiary sectors. 

(iii) It is necessary for the removal of unemployment and poverty.

(iv) It brings down regional disparities. 

(v) Export of manufactured goods expands trade and commerce and enhances prosperity. 

(vi) It brings much needed foreign exchange.

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