MANUFACTURING SECTOR : ITS ROLE IN ECONOMY AND CHALLENGES FACED BY INDIAN MANUFACTURING INDUSTRY ABSTRACT Owing to the emerging technologies field wide, the Indian manufacturing sedulousness has geared up and has incorporated some(prenominal) new technologies at heart its purview. Economists consider the Indian manufacturing be as a sphere which generates a lot of wealth . 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 country abide by the eco friendly norms. Indian manufacturing industry also gyps an importan t 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 necessary in our passing(a) lives.
With regard to the GDP or gross home(prenominal) product, Indian manufacturing industry contributes to the national economy as swell as the global economy. Yet the manufacturing sector in India faces interminable problems and challenges. Manufacturing industry refers to those industries which involve in the manufacturin g and processing of items and indulge in ea! ch creation of new commodities or in set addition. The manufacturing industry accounts for a significant share of the industrial sector in developed countries. The final products can either work on as a finished good for sale to customers or as intermediate goods used in the production process. Manufacturing patience 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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