question_answer

Analyse the role of the manufacturing sector in the economic development of India.

Answer:

Contribution of manufacturing sector to national economy:

(i) Creation of alternative employment: Manufacturing reduces dependence on agriculture by providing alternative employment opportunities in factory.

(ii) Better standard of living: The industrial labourer and other employees get higher wages and enjoy higher standard of living compared to landle-agricultural labourers.

(iii) Support to agricultural production: Increase in use of fertilizers, pesticides, plastics, electricity and diesel in agriculture has been possible due to the growth and competitiveness of the manufacturing industries.

(iv) In the present day world of territorial specialization our industry needs to be more efficient and competitive. Our goods must be at par with those of other countries in the international market. This will fetch foreign exchange and increase national wealth. (Any three)