Question

"Manufacturing industries are considered the backbone of the economic development of a country." Justify the statement.

Answer 1

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

1. Manufacturing businesses play a crucial role in modernising agriculture, the foundation of our economy.
2. It brings down regional disparities.
3. It minimizes dependence on agriculture and creates jobs in secondary and tertiary sectors.
4. It is necessary to remove unemployment and poverty.
5. Exporting manufactured items promotes trade, commerce, and wealth.
6. It brings much-needed foreign exchange.