What is importance of the manufacturing industries?
1. Employment generation: Manufacturing industry is the main source of employment for large number of skilled as well as unskilled workers.
2. Foreign exchange: Export of manufactured goods bring foreign exchange to India.
3. Reduction of pressure on land: Manufacturing industry produces products of daily needs and helps the common people to fulfill their basic needs. It reduces pressure on agricultural sector for employment.
4. Removal of economic problems: Industrial development is a precondition for the removal of economic problems like poverty, unemployment and economic inequality. It also helps in bringing down regional disparities by establishing industries in tribal and backward areas.
