Thursday, August 16, 2007

NOTES/ASSIGNMENT ON MANUFACTURING INDUSTRIES.

Q.What is manufacturing?
Production of goods in large quantities after processing from raw materials to more valuable products is called manufacturing.
Q. The economic strength of the country is measured by the development of the manufacturing industries. Justify the statement.
A. Manufacturing industries are considered the backbone of the development in general and of the economic development in particular. It is said so because.,
a)They not only help in modernising agriculture but also reduce heavy dependence of the people on agricultural income by providing them jobs in secondary and tertiary sectors.
b) Industrial development is a precondition for eradication of poverty and unemployment, which was also the main idea behind public sector & joint sector ventures. It also bring down regional disparities by establishing industries in tribal & backward areas.
c) Export of manufactured goods expands trade and commerce , & brings in foreign exchange.
d) Countries which produce goods of higher value are prosperous.
Q. Agriculture and industry move hand in hand. Comment.
A. Agriculture and industry are not exclusive of each other, they go hand in hand.
a) Agro industries in India have given boost to agriculture by raising their productivity.
b) Agro industries depend on agriculture for raw materials.
c) Agro industries are the buyers of products like irrigation pumps, fertilizers, insecticides, pesticides, plastics, pipes machines, tools etc.,
d) Develpoment and competitiveness of manufacturing industries have not only assisted agriculturalists in increasing production but have also made their production process efficient & easier.

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