Raw materials are mainly used for building material; create some product or structure by organisms, or human labor or industry. Any material that is derived from nature and still in its unprocessed state is known as raw material. They form a vital part during the processing and manufacturing of goods. Some of the common examples of raw materials are iron ore, logs, and crude oil.
In Marxist economy, certain industries used the term raw material in a unique sense: 'subject of labor.' The term meant materials that have already undergone alteration and still require to be worked upon by the labor. In simple words, if the materials are entirely in their unprocessed state cannot be termed as raw materials. Dimensional lumber, glass and steel are some of the common examples of raw materials.
Studies reveal, The Indian textile industry is one of the largest textile industry in the world with a huge material and textile manufacturing base. Approximately 27% of the foreign earnings are on account of export of textiles and clothing alone. The research also revealed that more than 60 million manpower is engaged in agricultural based raw material production like cotton and related trade. Considering the inherit strength of a strong raw material base would make any manufacturing industry grow globally.
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