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Question

What is manufacturing? How important are manufacturing industries?

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Solution

Instructions:
  1. Define manufacturing
  2. Explain the importance of manufacturing industries
Answer:
"Production of goods in large quantities after processing from raw materials to more valuable products is called manufacturing."​

Importance of manufacturing industries
  • Industries provides employment and help in eradicating unemployment and poverty in the country. Providing employment was the main reason behind the public and joint sector ventures in India.
  • ​Boost agricultural productivity by providing irrigation tools and fertilisers.
  • Public and joined sector industries are established in tribal and backward areas to bring down regional disparities​.
  • Export of manufactured goods brings in foreign exchange.

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