Question
Assess the role of the manufacturing sector as an engine of economic growth and employment
generation. Discuss the structural bottlenecks—such as regulatory compliance, logistical
costs, and skill mismatches—that hinder India's manufacturing competitiveness.
Answer :
Word Count : 524
The manufacturing sector plays a crucial role in economic development by contributing to output, employment, productivity, exports, technological advancement and structural transformation. For a developing country like India, manufacturing can act as an engine of economic growth by shifting labour and resources from low-productivity activities towards higher-productivity industrial activities. A strong manufacturing base also creates linkages with agriculture and services through demand for raw materials, transport, finance, communication, trade and business services. Manufacturing is particularly important for employment generation because it can absorb large numbers of semi-skilled _________ __________ _______ _______ ___.
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The manufacturing sector plays a crucial role in economic development by contributing to output, employment, productivity, exports, technological advancement and structural transformation. For a developing country like India, manufacturing can act as an engine of economic growth by shifting labour and resources from low-productivity activities towards higher-productivity industrial activities. A strong manufacturing base also creates linkages with agriculture and services through demand for raw materials, transport, finance, communication, trade and business services. Manufacturing is particularly important for employment generation because it can absorb large numbers of semi-skilled _________ __________ _______ _______ ___.
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