Relationship Between Agriculture And Manufacturing

1.Modernisation Of Agriculture: The manufacturing sector supports agriculture by providing advanced machinery, fertilisers, and other inputs that increase agricultural productivity.

2.Job Creation: Manufacturing offers alternative employment opportunities, reducing dependence on agriculture. This is especially important in India, where a large part of the population is engaged in agriculture.

Economic Implications

1.Poverty And Unemployment: One of the primary aims behind public sector industries and joint ventures in India has been to alleviate poverty and unemployment. This is achieved by creating job opportunities, especially in backward and tribal areas, to mitigate regional disparities.

2.Foreign Exchange And Trade: Exporting manufactured goods can help earn foreign exchange and balance trade, strengthening the economy.

Quality And Competitiveness

1.Value Addition: Countries that can transform raw materials into higher-value finished goods generally achieve greater prosperity. This is also where India’s potential lies — in rapidly diversifying its manufacturing sector.