Question

contribution of industry to national economy? Class 10th chapter manufacturing industries

Answer 1

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CONTRIBUTION OF INDUSTRY TO NATIONAL ECONOMY

during the last 20 years the share of manufacturing sector had stayed at 17% of GDP. this is much lower than some East Asian economic where it is 25 to 35%. the desired growth rate over the next decade is 12% which has been around only 7% in the last decade.

to develop the sector of manufacturing industries government has set up the National Manufacturing Competitiveness Council and (NMCC).


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Answer 2

Answer:

DURING THE LAST 20 YEARS THE SHARE OF MANUFACTUREING SECTOR HADSTAYED AT 17% OF GPD.

THIS IS MUCH LOWER THAN SOME EAST ASIAN ECONOMY WHERE IT IS 25 to 35% .

THE DESIRABLE GROWTH RATE OVER THE NEXT DECADE IS 12% WHICH HAS BEEN AROUND ONLY 7% IN THE LAST DECADE.

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