Mention the contribution of Industry to National Economy?
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Contribution of industry to National Economy. The share of industries to the GDP has is 17% which goes up to 27% when the contribution of mining, Quarrying, electricity and gas is included. The growth rate predicted for the next decade is 12% and it is at present growing at the rate of 9 to 10% per annum.
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(i) Over the last two decades, the share of manufacturing sector has stagnated to 17 per cent of the GDP, which is required to be increased.
(ii) The trend of growth rate in manufacturing over the last decade is around 7 per cent per annum, whereas the desired growth rate is 12 per cent.
(iii) Since 2003, manufacturing is once again growing at the rate of 9 to 10 per cent per annum.
(iv) With proper policies of the government and efforts by the industry to improve productivity, economists predict that manufacturing can achieve its target over the next decade.
The National Manufacturing Competitiveness Council (NMCC) has been set up with this objective.
If you find my answer good one then mark me as BRAINLEST...!!!
(i) Over the last two decades, the share of manufacturing sector has stagnated to 17 per cent of the GDP, which is required to be increased.
(ii) The trend of growth rate in manufacturing over the last decade is around 7 per cent per annum, whereas the desired growth rate is 12 per cent.
(iii) Since 2003, manufacturing is once again growing at the rate of 9 to 10 per cent per annum.
(iv) With proper policies of the government and efforts by the industry to improve productivity, economists predict that manufacturing can achieve its target over the next decade.
The National Manufacturing Competitiveness Council (NMCC) has been set up with this objective.
If you find my answer good one then mark me as BRAINLEST...!!!
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