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Question : 22
Total: 26
Why is the economic strength of a country measured by the development of manufacturing industries? Explain with examples.
Solution:
Economic strength of a country is measured by manufacturing industries :
(i) Manufacturing industries not only help in modernising agriculture which forms the backbone of the economy, they also reduce the dependency of people on agriculture.
(ii) Industrial development is a precondition for eradication of unemployment and poverty from a country.
(iii) Export of manufactured goods expands trade and commerce and brings much needed foreign exchange on international level.
(iv) Countries that transform their raw materials into a wide variety of furnished goods of higher value are prosperous and developed.
(v) India's prosperity lies in increasing and diversifying its manufacturing industries as quickly as possible.
(i) Manufacturing industries not only help in modernising agriculture which forms the backbone of the economy, they also reduce the dependency of people on agriculture.
(ii) Industrial development is a precondition for eradication of unemployment and poverty from a country.
(iii) Export of manufactured goods expands trade and commerce and brings much needed foreign exchange on international level.
(iv) Countries that transform their raw materials into a wide variety of furnished goods of higher value are prosperous and developed.
(v) India's prosperity lies in increasing and diversifying its manufacturing industries as quickly as possible.
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