Question:

“Manufacturing sector is considered the backbone of devel opment of the country.” Justify the statement.

Updated On: Dec 14, 2024
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Solution and Explanation

The manufacturing sector is pivotal for economic growth as it generates employment, boosts GDP, and reduces dependence on imports. It supports agriculture by providing machinery, fertilizers, and storage facilities. Additionally, industries promote exports, earning foreign exchange for the country. Modern manufacturing also drives technological advancement and urbanization. Countries with robust manufacturing sectors, like China, have witnessed rapid development. Thus, strengthening industries enhances economic resilience and infrastructure development, contributing to overall national progress.
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