(i) Manufacturing industries not only help in modernising agriculture, which forms the backbone of our economy, they also reduce heavy dependence of people on agriculture but providing them jobs in secondary and tertiary sectors.

(ii) Industrial development helps in the eradication of unemployment and poverty. It was also aimed at bringing down regional disparities by establishing industries in tribal and backward areas.

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

(iv) Countries that transform their raw materials into a wide variety of furnished goods of high value are prosperous. India’s prosperity lies in increasing and diversifying its manufacturing industries as quickly as possible.