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. It brings much needed foreign exchange.