explain the line india prospertylies in increasing diversifying its manufacturing industries as quickily as possible

Asked by amolshukal.2001 | 2nd Nov, 2017, 06:46: AM

Expert Answer:

 India's prosperity ies in increasing and diversifying its manufacturing industries because of the following resons:

  • Manufacturing industries help in modernizing agriculture
  • They also reduce the heavy dependence of people on agricultural income by providing them jobs.
  • Industrial development reduces unemployment and poverty
  • It also brings down regional disparities
  • Export of manufactured goods expands trade and commerce, and brings foreign exchange.
  • Prosperity of our country depends on transforming raw materials into furnished goods of higher value and diversifying our industries.
  • Industrial sector contributes 27 % of GDP and manufacturing contributes 17 % of GDP.



Answered by Social Science Expert | 3rd Nov, 2017, 07:40: AM

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