Question

Is it right to consider the manufacturing sector as the backbone of the development of an economy? Justify your answer with three arguments.

Answer 1

It is called so due to performing the functions as mentioned below:

1- Modernises agriculture-the backbone of Indian agriculture

2- Reduces the heavy dependence of people on agriculture thereby providing jobs in tertiary and service sectors

3- Eradicates unemployment and poverty

4- Serves to eliminate regional disparities by establishing industries in backward areas

5- Improves the foreign exchange

6- Boosts the prosperity of the nation.