India is the world's fifth largest manufacturing powerhouse, producing nearly USD 560 billion worth of goods per year, but our share in global manufacturing output is below 3 per cent. The share of manufacturing in India's Gross Value Added (GVA) is stuck at just 17 per cent, not far ahead of the share of agriculture. It is often stated that India seems to be transitioning directly from a primary sector-dominant economy into one dominated by the services sector. The question often asked is whether manufacturing is going to play its part in India's paradoxical and counter-intuitive growth story.
Esta historia es de la edición October 03, 2024 de Millennium Post Delhi.
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