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Indian Manufacturing Sector
The document discusses the manufacturing sector's contribution to India's GDP. It provides an overview of GDP growth rates over the past 8 years, the different sectors that contribute to GDP, and the top performing manufacturing sectors. It also discusses the manufacturing sector's role in employment, key government initiatives, and challenges faced. It concludes by outlining expectations for moderate to low growth across most manufacturing sectors in 2012-13, and the potential for the sector to absorb workers and increase incomes.
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Indian Manufacturing Sector
- 1. GDP-Manufacturing sector Presented by SonamGangwani & Pallavi Sen Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 2. AGENDA • History ofGDP • GDP growth % • Manufacturing sector • Current Scenario • State & Sector wise contribution to GDP • Manufacturing & Employment Relation • Government Initiatives • Challenges faced by manufacturing sector • Future outlook Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 3. HISTORY GDP was firstdeveloped by SIMON KUZNETS. Basically after Breton Woods Conference, held in New Hampshire in 1944,GDP became the main tool for measuring a countries economy. Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 4. 9.48% 9.57% 9.32% 6.72% 8% 8.60% 6.88% 2005-06 2006-072007-08 2008-09 2009-10 2010-11 2011-12 GROWTH % OVER PAST 8 YRS GROWTH % OVER PAST YRS Source: www.mospi.nic.inSubmitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 5. Different Sectors Agriculture sector Manufacturingsector Service sector Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 6. Basic goods Capital goods Intermediate goods Consumer goods Electricity Coal Fertilizers Cement Steel casting Commercial vehicles Electric motors Wagons Heavy locomotives Gianttyres Petroleum Bolts Paints Jute Plywood Paper Sugar Wheat Soap Phone Tea Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 7. MANUFACTURING SECTOR Backbone ofany economy Fuels growth & employment generation Catalyst for agricultural & service sector Barometer of overall health of economy Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 8. Top sectors inIndian manufacturing AUTO INDUSTRY CHEMICALS ELECTRONICS ENGINEERING FOOD PROCESSING GEMS AND JEWELLERS LEATHER MACHINE TOOLS TEXTILES WATER MINING 41% 25% 17% 14% 2% 1% contribution % Engineering Gems & Jewellery Chemicals Textile & products Leather & products Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 9. Current scenario Spectacular growthafter slowdown in 90’s More diversification & better availability of skilled man power Significant player in aerospace industry undergoing transformation Generates about 45 million jobs, 80% of which are unorganized segment Potential to create up to 90 million jobs by 2025 Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 10. STATE-WISE CONTRIBUTION Submitted to:RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 11. SECTOR WISE CONTRIBUTION TOWARDSGDP 20% 19% 18% 17% 17% 16% 26% 25% 26% 26% 26% 25% 54% 56% 56% 57% 58% 59% 0% 10% 20% 30% 40% 50% 60% 70% 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 AGRICULTURE MANUFACTURING SERVICE Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 12. Manufacturing & Employment Relation 28% 22% 19%18% 17% 15% 13% 12% 11% china germany japan russia brazil thailand usa india uk Employment contribution china germany japan russia brazil thailand usa india uk Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 13. Government Initiative National manufacturingcompetitiveness council (NMCC) Set up in September 2004 Inter disciplinary & autonomous body at highest level Sustain growth of manufacturing industries Suggest ways & means for enhancing sub sectors having potential of global competitiveness Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 14. CLASSIFICATION IN MANUFACTURING SECTOR(12THPLAN) SECTOR OF STRATEGIC IMPORTANCE SECTOR OF BASIC INPUT SECTOR OF DEPTH AND VALUE ADDITION SECTOR FOR EMPLOYMENT DEFENCE EQUIPMENT AEROSPACE SHIP BUILDING & REPAIR CAPITAL GOODS STEEL MINERAL EXPLORATION FERTILIZER CEMENT AUTOMOBILE ELECTRONICS PHARMA CHEMICAL PAPER TEXTILE FOOD PROCESSING LEATHER & LEATHER GOODS GEMS & JEWELLERY Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 15. CHALLANGES Manufacturing sectorrequires urgent attention both at macro and micro levels Tax burden on MSME Enhancing the skills of the workers Up gradation of technology High cost of production Quality of products Manufacturers operating beyond their capacity Expensive financing Low labor productivity Poor infrastructure Raw material cost Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 16. Expectations Increase in rateof job creation Focus on level of domestic value addition Enhance the global competitiveness through appropriate policy support Ensure sustainability of growth Increase in manufacturing sector growth to 2- 4% more than GDP growth for the economy and increase share to 25% of overall GDP by 2025 Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 17. Growth expectations for2012-13 compared with 2011-12 SECTOR GROWTH EXPECTATION CHEMICALS LOW FOOD PRODUCTS MODERATE ELECTRONICS & ELECTRICALS LOW TEXTILES MODERATE CAPITAL GOODS LOW STEEL & METALS LOW AUTOMOTIVE LOW CEMENT STRONG LEATHER & FOOTWEAR MODERATE TYRE LOW MACHINE TOOLS LOW TEXTILES MACHINERY MODERATE Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 18. Potential Only manufacturing sectorhas the capacity to absorb large labor pool of the country(CISCO) Manufacturing sector has great potential to employ people and increase the income levels(FICCI) India placed 2nd in the Deloitte Manufacturing Competitive Report India has beaten Brazil in the production of motor vehicles which is good sign for countries growth in value added manufacturing Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 19. Sources www.ibef.org www.reuters.com www.wikipedia.com www.google.com www.investopedia.com www.investorzclub.com www.machinemag.com www.articles.economictimes.indiatimes.com Submitted to: RVMFinishing School & Consultancy. www.rvmfinishingschool.com 9550812082
- 20. Submitted to: RVMFinishing School & Consultancy. www.rvmfinishingschool.com 9550812082