Analyse the role of the manufacturing sector in the economic development of India

Manufacturing Industries (10)

Analyse the role of the manufacturing sector in the economic development of India.

Answer

The Role of manufacturing sector in the economic development of India:

  1. Manufacturing industries not only help in modernizing agriculture but also reduces the heavy dependence of people on agriculture income.
  2. Eradication of Unemployment and poverty.
  3. Export of manufactured goods expands trade and commerce and brings in much needed foreign exchange.
  4. Countries that transform their raw material into a wide variety of furnished goods of higher value are prosperous.
Exam Year: 2017
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