Q. 135.0( 2 Votes )

Examine the contr

Answer :

Contribution of manufacturing industry to the economy:

1. They modernize agriculture and improve the productivity and provide employment opportunities in the secondary and tertiary sectors. This reduces the dependence on agriculture.

2. Unemployment and poverty cannot be completely removed without industrial development. This encouraged establishment of public sector industries and joint sector ventures in India.

3. Export of manufactured goods increases contributing to international trade. It also brings in foreign exchange.

Explanation: Development of any country relies a lot on the manufacturing industries. So, it is considered the backbone of the economy.

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