‘‘Manufacturing sector is considered as the backbone of economic development of a country.’’ Support the statement with examples.
FORIGEN - SET 3 2017
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Manufacturing industries:
- It helps in modernizing agriculture.
- Helps in providing jobs in secondary and tertiary sectors.
- Reduces unemployment and poverty.
- It brings down the regional disparities by establishing industries in tribal and backward areas.
- Export of manufactured goods expands trade and commerce.
- It brings in much needed foreign exchange.
- Example- Cotton textile, Iron and Steel industry, etc.
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