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What is the importance of manufacturing?

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What is the importance of manufacturing?

Posted by Anu Budhwar 5 years, 4 months ago

CBSE > Class 10 > Social Science

2 answers

Kap Sharma 5 years, 4 months ago

It's really ridiculous that other students answer these questions honestly and some just copy paste ?? ... and when I stood against this and continuously messaged about this ...My account was blocked without any reason ...????

Yogita Ingle 5 years, 4 months ago

The economic strength of a country lies in the development of manufacturing industries because:

(i) Manufacturing industries help in modernising agriculture which forms the backbone of our economy.

(ii) It reduces the heavy dependence of people on agriculture sector and creates jobs in secondary and tertiary sectors.

(iii) It is necessary for the removal of unemployment and poverty.

(iv) It brings down regional disparities.

(v) Export of manufactured goods expands trade and commerce and enhances prosperity.

(vi) It brings much needed foreign exchange

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