What is the manufacturing sector? Why is it considered the backbone of development
Manufacturing Industries (10)What is the manufacturing sector? Why is it considered the backbone of development? Interpret the reason.
Answer
Definition of Manufacturing Sector:
Production of goods in large quantities after processing from raw materials to more valuable products is called manufacturing.
It is considered as backbone of development because:
- It not only helps in modernising agriculture but also forms the backbone of our economy.
- Industrial development is a precondition for eradication of unemployment and poverty from our country.
- Export of manufactured goods expands trade and commerce.
- Countries that transform their raw materials into a wide variety of finished goods of higher value are prosperous.
Exam Year:
2015
Related Questions
- Analyse the role of chemical industries in the Indian economy
- Analyse the role of the manufacturing sector in the economic development of India
- Why has the Chhotanagpur Plateau Region the maximum concentration of iron and steel industries
- Which industry use bauxite as a raw material
- How can the industrial pollution of fresh water be reduced
- Why is the economic strength of a country measured by the development of manufacturing industries