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.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
All GrammarAll GrammarAll Grammar41 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

“The economic strSocial Science - Board Papers

“Agriculture and Social Science - Board Papers

‘Agriculture’ andSocial Science - Board Papers

Examine the contrSocial Science - Board Papers

“Manufacturing inSocial Science - Board Papers

Why has the ‘NatiSocial Science - Board Papers

Explain with examSocial Science - Board Papers