Choose the given statement is True/False

The manufacturing sector is considered the backbone of development.

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True

False

answer is B.

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Detailed Solution

All those activities which process raw materials into valuable goods are clubbed under the manufacturing or secondary sector. This sector is considered the backbone of development because:
1)      Manufacturing industries help in reducing the dependence of workers on agriculture activities and also provide employment opportunities in the secondary and tertiary sectors.
2)      The export of these manufactured goods also brings foreign exchange and expands trade.
3)      Industrial development also helps in eradicating poverty and unemployment if industries are set up in rural and backward areas.
4)      It has been noticed that countries with good industrial activity prosper.

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