(a) whether it is true that in terms of growth, India’s manufacturing sector has underperformed compared to the overall GDP growth in the past decades;
(b) if so, the details of the growth of that sector;
(c) the details of the share of manufacturing in India’s GDP during the last three years and the current year;
(d) whether the Government has any proposal to make manufacturing contribute to sustainable economic growth; and
(e) if so, the details thereof?
???????? ??? ?????? ?????? (???? ????? ????)
THE MINISTER OF COMMERCE & INDUSTRY
(SHRI PIYUSH GOYAL)
(a)&(b): The growth of India’s Manufacturing Gross Value Added (GVA) and Gross Domestic Product (GDP) from the year 2005-06 at constant (2011-12) prices is given in the table below :
<pre>
Growth rate (in per cent) of Manufacturing GVA and GDP at constant (2011-12) prices
Year Growth rate of Manufacturing Growth rate of GDP
2005-06 9.3 7.9
2006-07 17.8 8.1
2007-08 7.0 7.7
2008-09 4.7 3.1
2009-10 11.0 7.9
2010-11 7.7 8.5
2011-12 3.1 5.2
2012-13 5.5 5.5
2013-14 5.0 6.4
2014-15 7.9 7.4
2015-16 13.1 8.0
2016-17 7.9 8.2
2017-18 5.9 7.2
2018-19 6.9 6.8
Source: National Statistical Office.
</pre> The figures for the years 2016-17, 2017-18 and 2018-19 are provisional
(c) : As per the latest available estimates of GDP by National Statistical Office, the share of GVA of manufacturing sector in GDP at constant prices at 2011-12 for the last three years is given below in the table:
Share (in per cent) of Manufacturing GVA in GDP at constant prices (2011-12)
2016-17 2017-18 2018-19
Share of manufacturing 16.7 16.5 16.5
Source: National Statistical Office.
The figures for the years 2016-17, 2017-18 and 2018-19 are provisional
(d)&(e) : The Government has been continuously taking steps to boost manufacturing and spur economic growth. It aims at creating a conducive environment by streamlining the existing regulations and processes and eliminating unnecessary requirements and procedures. ‘Make in India’ programme aims at making India a global hub for manufacturing, research & innovation and an integral part of the global supply chain. Several steps to boost domestic manufacturing are being taken as part of schemes such as ‘Startup India’, ‘Ease of Doing Business’, Modified Industrial Infrastructure Upgradation Scheme, Business Reform Action Plan, Intellectual Property Rights (IPR) Policy etc. Further, Foreign Direct Investment (FDI) policy and procedures have been simplified and liberalized progressively.
*****