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Why is the economic strength of a country measured by the development of manufacturing industries? Explain with examples.

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The economic development of a country is measured by the development of manufacturing industries by the following waysi – 

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

(ii) They reduce the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sectors. 

(iii) Industrial development is pre-condition for eradication of unemployment and poverty from our country. 

(iv) Manufacturing goods expand trade and commerce 

(v) Export brings in much needed foreign exchange. 

(vi) Manufacturing is the process of value addition. 

(vii) It also brings down regional disparities by establishing industries in tribal and backward areas. 

(viii) It increases the GDP/ National Income of the country. 

(ix) Any other relevant point. 

Any five points to be explained.

Detailed Answer : 

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

(i) Manufacturing industries help in modernizing agriculture. 

(ii) This sector transforms raw materials into finished products creating more choices for the consumers and making it more prosperous. 

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

(iv) This sector helps in reducing poverty, creates employment opportunities and helps in bridging regional disparities. 

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

(vi) It brings much needed foreign exchange.

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