What is the importance of manufacturing industries for a nation like India? Explain.
Industry not only converts raw material into a much useful finished product, but in this process, it performs multiple tasks. In short, the manufacturing process transforms natural resources into useful and saleable products. It also generates scope for employment and increases national earnings through local and foreign trade. An industrial labourer earns more wages than an agricultural labourer. Thus, industries play an important role in making a country economically prosperous.