industrial growth 75 years of independence Day paragraph of 15 lines.
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- The long-term average annual growth of industries comprising mining
- manufacturing
- and electricity
- during the post-reform period between 1991-92 and 2011- 12, averaged 6.7 per cent as against GDP growth of 6.9 per cent.
- Inclusion of construction in industry raises this growth to 7.0 per cent
- Growth in the industrial sector is one of the vital figures that affect the Gross Domestic Product (GDP) in India.
- This section provides information about the initiatives taken by the Union and state Governments to facilitate the industrial growth in the country.
- Details of industries like insurance, Micro, Small and Medium Enterprises, chemical, fertilizer, defence products, cottage, retail textile, pharmaceutical, manufacturing, etc.
- are provided for the users.
- The section also highlights schemes, documents, forms, acts, rules, policies, reports related to various industries and corporate governance.
- The Indian economy is the twelfth biggest in the world for it has the GDP of US$ 1.09 trillion in 2007.
- The country has the second fastest major growing economy in the whole world for it has the GDP rate of 9.4% in 2006- 2007.
- The industrial sector is one of the main sectors that contribute to the Indian GDP.
- The country ranks fourteenth in the factory output in the world.
- The Growth Rate of the Industrial Sector in India GDP came to around 5.2% in 2002- 2003. In this year, within the India GDP, the mining and quarrying sector contributed 4.4%, the electricity, water supply, and gas sector contributed 2.8%, and the manufacturing sector contributed around 5.7%.
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