Sst
Question
Register Now
Welcome to the ever growing Protoedu family of knowledge seekers and torch bearers. The Protoedu family surpasses the mundane boundaries set by political interests because the Protoeduers (Protoedu family members are fondly known as ) only believe in one concept - Sharing is Growing Asking is Glowing Hearty Welcome once again !!
Leave an answer
Answers ( 2 )
The economic strength of a country is measured by the development of manufacturing industries.these industries act as the backbone of the economy in the following ways manufacturing industries help in modernizing agricultural the utilization of huge volume of natural resources has become possible with the development of industries in the country.increasing volume of investment in industries has led to enhancement in the rate of capital formation in the country.
1.It is the backbone of development in general and economic development particular.
2. Nanufacturing industrues help in modernising agriculture.
3. It reduces the heavy dependence of people on a agricultural sector. The workers in this sectir are underemploued.
4. It provides jobs in secondary and tertiary sectors.
5. Industrial development or nanufacturing industries are necessary for the remival of unemployment and poverty in a country like india.
6. It brings down regional disparities by establishing industries in tribal and backward areas.
7. Export of manufaxtured goods expands trade and commerce and brings in much needed foreign exchange.
8. The industries make a country rich and prosperous because raw materials are transformed into a wide variety of finished goods of higher value which increases the income.