India among top 10 global manufacturers: UNIDO
India has emerged as one of the top ten manufacturers of the world in 2010, driven mainly by its strong economic growth, the United Nations Industrial Development Organization (UNIDO) has said.
According to UNIDO's publication, International Yearbook of Industrial Statistics 2011,' released in Vienna on Thursday, India, together with other leading developing economies such as Brazil and China, showed strong performance in economic growth in 2010. The manufacturing value added (MVA) of these three countries grew by over 10 per cent in 2010 (at constant U.S. dollars of 2,000).
Thanks to the high growth rates achieved by developing countries, their share in world manufacturing output has reached 32 per cent compared to 20 per cent 10 years ago, UNIDO said in a statement here.
India tops developing countries (China excluded) in production of textiles, chemical products, basic metals, general machinery and equipment, and electrical machinery. India has overtaken Brazil in the production of motor vehicles and now ranks second among developing countries after Mexico, the statement said.
However, India's Asian competitors Thailand, Malaysia and the Philippines are ahead in the production of electronic goods such as computers and office equipment, radio, television and other
The Hindu : Business / Industry : India among top 10 global manufacturers: UNIDO
India has emerged as one of the top ten manufacturers of the world in 2010, driven mainly by its strong economic growth, the United Nations Industrial Development Organization (UNIDO) has said.
According to UNIDO's publication, International Yearbook of Industrial Statistics 2011,' released in Vienna on Thursday, India, together with other leading developing economies such as Brazil and China, showed strong performance in economic growth in 2010. The manufacturing value added (MVA) of these three countries grew by over 10 per cent in 2010 (at constant U.S. dollars of 2,000).
Thanks to the high growth rates achieved by developing countries, their share in world manufacturing output has reached 32 per cent compared to 20 per cent 10 years ago, UNIDO said in a statement here.
India tops developing countries (China excluded) in production of textiles, chemical products, basic metals, general machinery and equipment, and electrical machinery. India has overtaken Brazil in the production of motor vehicles and now ranks second among developing countries after Mexico, the statement said.
However, India's Asian competitors Thailand, Malaysia and the Philippines are ahead in the production of electronic goods such as computers and office equipment, radio, television and other
The Hindu : Business / Industry : India among top 10 global manufacturers: UNIDO
It means that India's growth rate will double? Maybe 20%?
Yes, we can not afford to develop the service industry... Maybe we are the only countries cannot develop services. 
