question_answer

?The economic strength of a country is measured by the development of manufacturing industries.? Support the statement with arguments.

Answer:

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

(i) Manufacturing industries help in modernizing agriculture which forms the backbone of our economy.

(ii) It reduces the heavy dependence of people on agriculture sector and creates jobs in secondary and tertiary sectors.

(iii) It is necessary for the removal of unemployment and poverty.

(iv) It brings down regional disparities.

(v) Export of manufactured goods expands trade and commerce and enhances prosperity.

(vi) It brings much needed foreign exchange.