Introduction
Indian prudence stands today as wholeness of the influential and attractive economy. The liberalization move by the Indian Government in 1990s has given a ascending to the Indian economy and put her into a fast surmount economic growth route.
Indias gross domestic product of USD 691 bn makes it the 10th Largest economy in the world and fourth largest in terms of purchase parity($3290) in 2010. It is one of the fastest suppuration economies in the world- growing on a average at over 8% p.a
The economical reforms that began in India in 1990s- industrial de-licensing and removal of outlaw from foreign investments allowed foreign manufacturing companies to make investments in India. Besides, India has made a huge progress in the field of science and technology.
preceding(prenominal) all, India already has a big pool of technical gift in the form of its workforce which is specialized in distinct fields of manufacturing
Some interesting facts- India is
* -------------------------------------------------
Worlds blurb largest small car market
* -------------------------------------------------
One of the only three countries that makes its possess supercomputers
* -------------------------------------------------
Worlds largest producer of milk,tea and pulses
* -------------------------------------------------
Second largest producer of solid food including fruits and ve leaseables
* -------------------------------------------------
Worlds largest diamond cutting and polishing middle and the second largest jewellery market.
.
Thus ,the manufacturing sector has played a critical role in driving the growth valuate in the country.
Below is a statistical presentation of how alpha is the manufacturing sector to the economy.
The manufacturing industry contributes to about 15% of the total GDP out of the total industrial contribution of 26%
Manufacturing contributes to approximately 50% of total Exports from the country.
Around 12% of the...If you want to get a full essay, order it on our website: Ordercustompaper.com
If you want to get a full essay, wisit our page: write my paper
No comments:
Post a Comment