Author: karma123

Economy of India [Copy link] 中文

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Post time 2009-12-23 14:49:29 |Display all floors

Industry and services

Industry accounts for 27.6% of the GDP and employ 17% of the total workforce.[18] However, about one-third of the industrial labour force is engaged in simple household manufacturing only.[71][dead link] In absolute terms, India is 16th in the world in terms of nominal factory output.[72] India's small industry makes up 5% of carbon dioxide emissions in the world
Economic reforms brought foreign competition, led to privatisation of certain public sector industries, opened up sectors hitherto reserved for the public sector and led to an expansion in the production of fast-moving consumer goods.[73] Post-liberalisation, the Indian private sector, which was usually run by oligopolies of old family firms and required political connections to prosper was faced with foreign competition, including the threat of cheaper Chinese imports. It has since handled the change by squeezing costs, revamping management, focusing on designing new products and relying on low labour costs and technology.[74]
Textile manufacturing is the second largest source for employment after agriculture and accounts for 26% of manufacturing output.[75] Tirupur has gained universal recognition as the leading source of hosiery, knitted garments, casual wear and sportswear.[76] Dharavi slum in Mumbai has gained fame for leather products. Tata Motors' Nano attempts to be the world's cheapest car.[70]
India is fifteenth in services output. It provides employment to 23% of work force, and it is growing fast, growth rate 7.5% in 1991–2000 up from 4.5% in 1951–80. It has the largest share in the GDP, accounting for 55% in 2007 up from 15% in 1950.[18]
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Post time 2009-12-23 14:49:30 |Display all floors


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Mods, that article is from Asia Times. Very creditable source. Please allow it to be appeared. Relevant report.


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Post time 2009-12-23 14:51:21 |Display all floors

Industry and services

Industry accounts for 27.6% of the GDP and employ 17% of the total workforce.[18] However, about one-third of the industrial labour force is engaged in simple household manufacturing only.[71][dead link] In absolute terms, India is 16th in the world in terms of nominal factory output.[72] India's small industry makes up 5% of carbon dioxide emissions in the world.
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Post time 2009-12-23 14:52:27 |Display all floors
Economic reforms brought foreign competition, led to privatisation of certain public sector industries, opened up sectors hitherto reserved for the public sector and led to an expansion in the production of fast-moving consumer goods.[73] Post-liberalisation, the Indian private sector, which was usually run by oligopolies of old family firms and required political connections to prosper was faced with foreign competition, including the threat of cheaper Chinese imports. It has since handled the change by squeezing costs, revamping management, focusing on designing new products and relying on low labour costs and technology.[74]
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Post time 2009-12-23 14:53:27 |Display all floors
Textile manufacturing is the second largest source for employment after agriculture and accounts for 26% of manufacturing output.[75] Tirupur has gained universal recognition as the leading source of hosiery, knitted garments, casual wear and sportswear.[76] Dharavi slum in Mumbai has gained fame for leather products. Tata Motors' Nano attempts to be the world's cheapest car.[70]
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Post time 2009-12-23 14:53:44 |Display all floors
India is fifteenth in services output. It provides employment to 23% of work force, and it is growing fast, growth rate 7.5% in 1991–2000 up from 4.5% in 1951–80. It has the largest share in the GDP, accounting for 55% in 2007 up from 15% in 1950.[18]
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Post time 2009-12-23 14:54:18 |Display all floors
Business services (information technology, information technology enabled services, business process outsourcing) are among the fastest growing sectors contributing to one third of the total output of services in 2000. The growth in the IT sector is attributed to increased specialization, and an availability of a large pool of low cost, but highly skilled, educated and fluent English-speaking workers, on the supply side, matched on the demand side by an increased demand from foreign consumers interested in India's service exports, or those looking to outsource their operations. The share of India's IT industry to the country's GDP increased from 4.8 % in 2005-06 to 7% in 2008.[77][78] In 2009, seven Indian firms were listed among the top 15 technology outsourcing companies in the world.[79] In March 2009, annual revenues from outsourcing operations in India amounted to US$60 billion and this is expected to increase to US$225 billion by 2020.[80]
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