India is a competitive manufacturing location due to the low cost of manpower and strong technical and engineering capabilities contributing to higher quality production runs. The production of TV sets in a factory increases uniformly by a fixed number every year. It produced 16000 sets in the 6th year and 22600 in 9 th year. i. Find the production during the first year . ii. Find the year in which the production was Rs 29,200. Also find the difference of the production during 7th year and 4th year
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Answer:
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Step-by-step explanation:
1. Rs 5000
2. Production during 8th year is (a+7d)= 5000+2(2200) = 20400
3. Production during first 3 year = 5000
+ 7200 + 9400 = 21600
4. N=12
5. Difference= 18200-11600 = 6600
Answer:
1. 5000 Rs
2. Production during year 8 is (a+7d)= 5000+2(2200) = 20400
3. Production in first 3 years = 5000
4. N=12
5. Difference = 18200-11600 = 6600
Step-by-step explanation:
A globally competitive manufacturing sector is India's greatest potential to drive economic growth and job creation this decade. Due to factors such as growing power, long-term job prospects and skill pathways for millions of people, India has significant potential to engage in international markets. Several factors contribute to their potential. First, these value chains are well positioned to benefit from India's advantages in raw materials, industrial know-how and entrepreneurship.
Second, they can take advantage of four market opportunities: export expansion, import localization, domestic demand, and contract manufacturing. With digital transformation a critical component to gaining an advantage in this highly competitive industry, technology has fueled creativity today. India's manufacturing sector is gradually moving towards more automated and process-driven manufacturing, which is expected to increase efficiency and boost manufacturing output.
India is gradually moving towards Industry 4.0 through the Government of India's initiatives such as the National Manufacturing Policy, which aims to increase the share of manufacturing in GDP to 25 percent by 2025, and the PLI scheme for manufacturing, which was launched in 2022 to develop major manufacturing sector on par with global manufacturing standards.
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