Question

Q24.2. Growth rate of the manufacturing industries since 2003 is
A. 7 to 8%
B.8to9%
C.9to10%
D. 10to11%​

Answer 1

Answer:

C. 9 to 10%

Explanation:

The share of manufacturing sector in the GDP (Gross Domestic Product) has been stagnant at 17% over the last two decades. The total contribution of industry to the GDP is 27% out of which 10% comes from mining, quarrying, electricity and gas.

The growth of the manufacturing sector had been 7% in the last decade. Since 2003, the growth rate has been 9 to 10% per annum. The desired growth rate over the next decade is 12%.