The manufacturing sector processes raw materials into valuable goods and produces them in large quantities.
They are the backbone of the economy because:
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.
4. A diverse and big manufacturing sector is important for a country’s economy. India will also become prosperous by expanding its manufacturing sector.
Explanation: Much of a country’s economy and three sectors depend on the manufacturing. Most of the goods bought and sold are manufactures so it is the backbone of an economy.
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