Contribution of Industry to National Economy
Contribution of Industry to National Economy
Contribution Of Industry To National Economy: During the last 20 years, the share of the manufacturing sector has stayed at 17 % of GDP. This is much lower some East Asian economies, where it is 25-35 %. However, since 2003 manufacturing is once again growing at the rate of 9 to 10 per cent per annum. To develop the sector of manufacturing industries, government has developed different policies.
With these objectives, government has set-up the National Manufacturing Competitiveness Council (NMCC). The different industries also renewed their efforts to improve productivity. Due to these steps, economists assume that sector of manufacturing will achieve its target over the next decade.
Contribution of industries to a national economy by:-
Arrange the following secotrs according to their contribution to the annual GDP of Indian Economy. (descending order). | |||
| Right Option : B | |||
| View Explanation | |||
Industrial development helps in the eradication of unemployment and _______ . | |||
| Right Option : B | |||
| View Explanation | |||
Which of the following ports accounts for about fifty per cent of India 's iron ore export ? | |||
| Right Option : C | |||
| View Explanation | |||
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