Question

What is the contribution of industry to national economy in India? Compare it with the

East-Asian countries. What is the desire growth and present position of industry in GDP?

Answer 1

During last 20 years , the share of the manufacturing sector has stayed at 17 % of GDP.
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This is much lower than some East-Asian economies, where it is 25-35%.
The desired growth rate over the next decade is 12 % which has been around only 7% in the last decade .
Hope it helps....

Answer 2

Answer:1. The contribution of industry to national economy has not been satisfactory for

the last two decades. It has stagnated at 17 percent for mining quarrying, electricity and

gas.

2. In comparison to India’s 17 percent share in GDP, the East Asian countries have

contributed 25 to 35 per cent to their GDP.

3. The desired growth over the next decade is 12 percent.

4. At present growth rate is about 9 to 10 percent and it is expected that we can achieve

the growth rate of 12 per cent by some efforts like setting up of the National

Manufacturing Competitiveness Council (NMCC).

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