Describe industrial growth in our country …

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Describe industrial growth in our country in past decades.

Posted by Pranjal Singh 5 years ago

CBSE > Class 10 > Social Science

1 answers

Gaurav Seth 5 years ago

The share of manufacturing sector in the GDP (Gross Domestic Product) has been stagnant at 17% over the last two decades. The total contribution of industry to the GDP is 27% out of which 10% comes from mining, quarrying, electricity and gas.

The growth of the manufacturing sector had been 7% in the last decade. Since 2003, the growth rate has been 9 to 10% per annum. The desired growth rate over the next decade is 12%.

The National Manufacturing Competitiveness Council (NMCC) has been set with the objectives of improving productivity through proper policy interventions by the government and renewed efforts by the industry.

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CBSE > Class 10 > Social Science