Why industrialization is considered backbone of …
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Posted by Arbind Kumar Yadav 6 years, 6 months ago
- 2 answers
Yogita Ingle 6 years, 6 months ago
Manufacturing industries are considered the backbone of a country’s economic development due to the following reasons:
- Apart from modernising agriculture by manufacturing various agricultural tools, they have reduced the heavy dependence of the people on agriculture.
- They have helped in the reduction in poverty and unemployment in the country by providing job opportunities to millions of people.
- Manufacturing industries have brought in much needed foreign exchange by exporting goods.
- These industries by transforming raw materials into finished goods have led to an increased prosperity of India.
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Msm . 6 years, 6 months ago
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