India has secured a place among the world's 10 largest manufacturing countries as the share of major industrialised economies in global factory output fell significantly in the last decade, said a UNIDO report.
India has secured a place amongthe world's 10 largest manufacturing countries as the share of major industrialised economies in global factory output fell significantly in the last decade, a UNIDO report said today.
Efficient use of energy, helped by enhanced labourproductivity and increase in exports of manufactured goods, helped the country secure its position among the top 10 industrial producers.
Even though the country had only 1.8% share in the world manufacturing between 2000 and 2010, India occupies the 9th position among the global leading manufacturing countries.
"Competitiveness of Indian manufactured goods in the global markets has significantly improved," chief statistician of the United Nations Industrial Development Organisation (UNIDO) Shyam Upadhyaya said while releasing the report.
Higher output growth rates have allowed the Indian industry to improve major performance indicators such as labour productivity, he said.
The country has made significant progress in the use of energy for industrial production.
"This is borne out of the fact that in the last 10-years, India's manufacturing output grew by 7% average per annum while industrial energy consumption grew at much lower rate of 3.6%," Upadhyaya said.
The US tops the list of 10-top industrial producers followed by China, Japan and Germany. Brazil was at the bottom of the list.
"Ranks are not stable due to close competition of emerging economies. In the coming years, Russia, Mexico and Spain might increase their share and occupy higher position,he said.
Industrialised countries account for more than two-third of the world industrial output, but the share of developing countries is rising from 20 per cent in 2000 to 32.1% in 2010.
As per the report, in the last decade, share of major industrialised countries such as the US, Japan and Germany in the world manufacturing has fallen.
The report said manufacturing output of three developing countries - China, Brazil and India - has grown by almost 10% on an average in the last decade.
The UNIDO report said manufacturing output grew by 3.7% in the industrialised countries after experiencing a severe decline in 2009.
It further said that China's industrial growth was unaffected during the recent economies crisis. "The country accounted for almost half of total manufacturing output of all developing countries in 2010," it said.