India's Manufacturing Sector did not grow as
expected in this regard highlight the favourable
Circumstances present in India to support Industrial
growth. Also elaborate the challenges to industrial growth.suggest
the
way
forward
(250 words)
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“India’s economic growth has circumvented manufacturing led growth phase”, examine the statement with causative factors.
Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
4. “India’s economic growth has circumvented manufacturing led growth phase”, examine the statement with causative factors.
Start by highlighting the fact that manufacturing kept increasing its share as a percentage of GDP from 1951-1991. In initial growth phase as public sector oriented growth with focus on industrialization was practiced. But after 1991, share of industries has stagnated around 30% of GDP. This is mainly because service sector has grown at a more rapid pace than industries.
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