Manufacturing industries are the backbone of economic growth, providing employment, improving living standards, modernizing agriculture and increasing exports. They support infrastructure, reduce import dependence and ensure self-reliance, fostering overall national development and prosperity.
“Manufacturing industries are considered the backbone of the economic development of a country”. Justify the statement.
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Manufacturing industries are rightly called the backbone of economic development because they transform raw materials into valuable goods.
Justification:
Thus, a well-developed manufacturing sector stimulates the growth of all other sectors and enhances living standards. Industrial growth leads to infrastructure development, technological advancement and overall progress, making it the driving force of a country’s economic growth.