Over the last two decades, the share of manufacturing sector has stagnated at 17 percent of GDP.The total of 27 percent is of the industry, which includes 10 percent for mining, quarrying, electricity and gas, along with manufacturing. This is much lower in comparison to some East Asian economies, where it is 25 to 35 percent. The trend of growth rate in manufacturing over the last decade has been around 7 percent per annum. The desired growth rate over the next decade is 12 percent. Since 2003, manufacturing is once again growing at the rate of 9 to 10 percent per annum. With appropriate policy interventions by the government and renewed efforts by the industry to improve productivity, economists predict that manufacturing can achieve its target over the next decade. The National Manufacturing Competitiveness Council (NMCC) has been set up with this objective.

Manufacturing Industry in India-Contribution to economy _{Image Courtesy: Wikipedia}

This video gives information about the conreibuion of manufacturing sector to the economy.

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