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

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asked Jan 29, 2018 in Social Science by Ankit Agarwal (28,847 points) 7 31 67

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

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0 votes
answered Jan 29, 2018 by Ankit Agarwal (28,847 points) 7 31 67
 
Best answer

The role of the manufacturing sector in the economic development of India : 

(a) Manufacturing industries help in modernising agriculture which forms the backbone of our economy.

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

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

(d) It brings down regional disparities. 

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

(f) It brings much needed foreign exchange.

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