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.


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