Describe the importance of manufacturing sector in countries like India.



Points to remember:

Answer to be written:

The manufacturing sector is important for any country due to the following reason:

  • The manufacturing sector is considered the backbone of economic development .
  • The manufacturing sector helps modernise the agriculture sector . It also reduces the dependency of people on agriculture by providing them employment in the secondary and tertiary sectors.
  • Industrial development helps in the eradication of poverty and unemployment . This was the main philosophy behind the public sector industries and joint sector ventures in India. I t also aimed to bring down regional disparities by establishing industries in tribal and backward areas.
  • The export of manufactured goods expands trade and commerce and brings in foreign exchange.
  • Setting up manufacturing industries in tribal or backward areas helps in bringing down regional disparities. 

(Any Three)

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Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 13 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.