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Manufacturing must take off to revive Indian economy

Last Updated: Friday, October 4, 2013, 23:43

It has been more than 20 years since India witnessed economic liberalisation but the contribution of India’s manufacturing sector to the overall GDP (Gross Domestic Product) has remained stagnant at about 15 per cent. This has led to a scenario of inadequate jobs as manufacturing has generated jobs at a snail’s pace of one-two million each year since the 1970s.