Resuscitating the Manufacturing Industry

Indian manufacturing industry has come a long way since independence from foundational stage in 1950s and 60s to liberalization in 1990s to finally becoming globally competitive in the 21st century. According to an industrial development report released by the United Nations Industrial Development Organization (UNIDO), India is the only lower middle income country that secured its place in the second group of leading economies in this field. Other countries in the same group are Australia, Canada, Italy, Singapore, and Spain.

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