'Manufacturing industries are considered the backbone of economic development.' Justify the statement. 3

i. Manufacturing industries help in modernizing agriculture.

ii. They reduce the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sectors.

iii. Industrial development is a precondition for eradication of unemployment and poverty from our country.

iv. Public sector industries and joint sector ventures in India also aimed at bringing down regional disparities by establishing industries in tribal and backward areas.

v. Export of manufactured goods expands trade and commerce, and brings in much needed foreign exchange.

vi. India has increased and diversified its manufacturing industries quickly to be able to transform their raw materials into a wide variety of finished goods of higher value.

vii. The agro-industries in India have given a major boost to agriculture by raising its productivity.