Manufacturing Sector : Its Role In Economy And Cha

MANUFACTURING SECTOR : ITS ROLE IN ECONOMY AND CHALLENGES FACED BY INDIAN MANUFACTURING INDUSTRY ABSTRACT Owing to the emerging technologies adult male wide, the Indian manufacturing sedulousness has geared up and has incorporated several(prenominal) new technologies at heart its purview. Economists consider the Indian manufacturing occasion as a sphere which generates a lot of wealthiness . Generating employment, introducing latest techniques, real pelf from shipments etc., have put the Indian manufacturing effort in a favorable position. With the implementation of the imagination of eco friendly environment, Indian manufacturing manufacturing has taken several measures to ensure that the manufacturing industries across the nation abide by the eco friendly norms. Indian manufacturing industry in a ny case cope withs an important case in the defense of the country. By manufacturing equipment which play a resilient role in the countrys defense, the aerospace manufacturing industry acts as a shield. different industries in the manufacturing sphere manufactures products which are critical in our passing(a) lives.

With regard to the GDP or gross internal product, Indian manufacturing industry contributes to the national economy as salutary as the global economy. Yet the manufacturing sector in India faces unbounded problems and challenges. Manufacturing industry refers to those industries which invol ve in the manufacturing and processing of it! ems and indulge in each creation of new commodities or in grade addition. The manufacturing industry accounts for a significant share of the industrial sector in developed countries. The final products can either coiffe as a finished good for sale to customers or as intermediate goods used in the production process. Manufacturing diligence in India, has all the qualities which enhance economic development, increase the productivity of the manufacturing industry...If you privation to get a full essay, order it on our website: OrderCustomPaper.com

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