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Contribution of Manufacturing Sector to GDP

Dated:- 29-4-2015 - Central Statistics Office (CSO) has recently revised the base year of National Accounts Statistics from 2004-05 to 2011-12, including introduction of new concepts such as Gross Value Added (GVA) at basic price. The sectoral contribution in the new series is now provided in terms of GVA, whereas in the earlier series such contributions were indicated in terms of GDP. CSO has informed that as per the advance estimates of national income 2014-15, the share of manufacturing in to .....

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te the growth of manufacturing sector in the country. For the creation of conducive business environment, the Government is engaged in simplifying and rationalizing the processes and procedures for boosting investor sentiment, simplifying the Foreign Direct Investment (FDI) policy and correcting the inverted duty structure. Some of the recent initiatives towards this end include pruning the list of industries that can be considered as defence industries requiring industrial license, permissible .....

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r, the Government has launched the e-biz Mission Mode Project under the National e-Governance Plan, and 14 Central Services spanning a number of Ministries and Departments are now integrated in the e-Biz portal. Besides, the Government is implementing the Delhi Mumbai Industrial Corridor (DMIC) project. In addition, the Government has conceptualized Amritsar Kolkata Industrial Corridor, Chennai-Bengaluru Industrial Corridor, Bengaluru Mumbai Economic Corridor and the Vizag-Chennai Industrial Cor .....

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