Q. 224.2( 11 Votes )

Why is the econom

Answer :

Manufacturing is the Production of goods in large quantities after processing the raw materials into more valuable products.

The manufacturing industry is important for the development of a country.

The manufacturing industry is important because:

• Manufacturing industries help in modernizing agriculture, by producing mechanised equipment that enhances the productivity of the farming sector, which forms the backbone of our economy.

• manufacturing industries also reduce the heavy dependence of people on agricultural income. This becomes possible because of the creation of new jobs in secondary and tertiary sectors.

• Industrial development helps in the eradication of unemployment and poverty, as this industry generates a huge number of informal jobs.

• Export of manufactured goods expands trade and commerce and brings in much needed foreign exchange. This boosts the economy of the nation.

• A country with a high level of manufacturing activities becomes prosperous.

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
view all courses

“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