“The economic strength of a country is measured by the development of manufacturing industries.”

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#1

“The economic strength of a country is measured by the development of manufacturing industries.” Support the statement with arguments.

Answer:
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.