What is the manufacturing sector? Why is it considered as the backbone of development? Interpret the reason.
Points to remember
The production of finished goods from raw materials is called manufacturing .
- Manufacturing helps in modernising the agriculture sector . Reduces dependency of people on agriculture.
- Helps in the eradication of poverty and unemployment .
- Helps to bring down regional disparities by establishing industries in tribal and backward areas.
- Expands trade and commerce and brings in foreign exchange.
- Transformation of raw materials into a wide variety of finished goods of a higher value is considered prosperous.
Answer to be written
Manufacturing refers to the production of finished goods into more valuable products from raw materials with the help of labour, machines etc.
The manufacturing sector is considered the backbone of economic development because of the following reasons:
The manufacturing sector
helps modernise the agriculture sector
. It also reduces the dependency of people on agriculture
by providing them
secondary and tertiary sectors.
eradication of poverty
. This was the main philosophy behind the public sector industries and joint sector ventures in India.
t also helps brings
down regional disparities
industries in tribal
of manufactured goods
expands trade and commerce
brings in foreign exchange
- Countries that can transform their raw materials into a wide variety of finished goods of a higher value are considered prosperous . India’s prosperity lies in increasing and diversifying its manufacturing industries.