Manufacturing industries are considered the backbone

“Manufacturing industries are considered the backbone of the economic development of a country.” Justify the statement.

• Answer:
  1. The economic strength of a country is measured by the development of manufacturing industries. 
  2. Manufacturing industries help in modernizing agriculture.
  3. They provide jobs in the secondary and tertiary sectors. 
  4. Industrial development is a pre-condition for eradication of unemployment and poverty. 
  5. Export of manufactured goods expands trade and commerce and brings much needed foreign exchange. 
  6. Countries that transform their raw material into a wide variety of finished goods of higher values are prosperous. 
  7. It is also aimed at bringing down regional disparities by establishing industries in tribal and backward areas. 

• Exam Year: 2025