In the last decade, the Gujarati traders have made India a trading nation rather than a manufacturing nation. Today, Bajaj buys Electric Presses in China, puts his label on them, sells them in India, and makes more money than he did manufacturing them in India. To garner higher profits, he has closed factories in India, causing massive unemployment.
If India doubled its manufacturing in the last 10 years then the economy of India also got doubled in the last 10 years. So manufacturing as percentage of gdp is the same as it was 10 years ago. So nothing to beat your chest on.
Dear friend, while it's true that manufacturing has grown significantly over the past decade, let’s look at the bigger picture. In 2013-14, India’s GDP in rupee terms stood at ₹113.7 lakh crore, and by 2023-24, it has risen to ₹295.35 lakh crore. That means the GDP has more than doubled in just 10 years. So, it’s not just about the percentage contribution of manufacturing staying the same; the overall size of the economy has expanded drastically. This is indeed a moment of pride and definitely a reason to celebrate our progress! Keep the positivity alive!
No, a decade ago, our Manufacturing as a percentage of GDP was higher than it is today. The Make in India LOIN can be seen eating grass in Lodi Gardens.
In the last decade, the Gujarati traders have made India a trading nation rather than a manufacturing nation. Today, Bajaj buys Electric Presses in China, puts his label on them, sells them in India, and makes more money than he did manufacturing them in India. To garner higher profits, he has closed factories in India, causing massive unemployment.
If India doubled its manufacturing in the last 10 years then the economy of India also got doubled in the last 10 years. So manufacturing as percentage of gdp is the same as it was 10 years ago. So nothing to beat your chest on.
Dear friend, while it's true that manufacturing has grown significantly over the past decade, let’s look at the bigger picture. In 2013-14, India’s GDP in rupee terms stood at ₹113.7 lakh crore, and by 2023-24, it has risen to ₹295.35 lakh crore. That means the GDP has more than doubled in just 10 years. So, it’s not just about the percentage contribution of manufacturing staying the same; the overall size of the economy has expanded drastically. This is indeed a moment of pride and definitely a reason to celebrate our progress! Keep the positivity alive!
Great finding 👌 true dear no development in Modi government n rahul can make new india by freebies
No, a decade ago, our Manufacturing as a percentage of GDP was higher than it is today. The Make in India LOIN can be seen eating grass in Lodi Gardens.