Analyse the role of the manufacturing sector in the economic development of India.
- Manufacturing sector is considered the backbone of development in general and economic development
- Manufacturing industries helps in modernising agriculture
- Manufacturing reduces the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sectors.
- Industrial development is a precondition for eradication of unemployment and poverty from our country.
- It was also aimed at bringing down regional disparities by establishing industries in tribal and backward areas.
- Export of manufactured goods expands trade and commerce, and brings in much-needed foreign exchange.
- Countries that transform their raw materials into a wide variety of finished goods of higher value are prosperous. India’s prosperity lies in increasing and diversifying its manufacturing industries as quickly as possible.