“Positive Measures for Positive Growth” [June 2012]

By admin June 20, 2012 4:36 am IST

Creation of 100 million jobs in the next 10 years can be made possible only if the government brings in positive measures for its creation- Sudhir Kalla, President – Sales of Inverter and Battery Division, Luminous Power Technologies
Manufacturing sector welcomes enormous growthThe industrial sector of the Indian economy is one of the main constituents towards the growth module of the country. Contributing approximately 17 per cent share to the Indian GDP with an expected growth rate of about 7 per cent per annum, the manufacturing sector of the country is one of the important cogs in the country’s economic rally.
While the Indian economy is on an upward trend, the contribution of the manufacturing sector has been significant to say the least. Interesting to quote herein is a report by Confederation of Indian Industries (CII) which points that the majority of the constituents of the manufacturing sector see an upward of 15 per cent increase in their growth chart, which shows the robust health of the sector.
The only requirement for the manufacturing sector right now is positive governmental support wherein through positive measures the industry and the government can together create extensive job opportunities and thus promote the manufacturing sector 
The Indian manufacturing sector is now one of the top 10 industrial production countries as a new report by UNIDO portrays. This shows the relevance of the industry and its current state of robust growth. In the same way the power backup manufacturing industry has also seen a robust growth wherein it has become an estimated Rs. 20,000 crore market and is poised to grow at about an estimated growth of 22 per cent per annum. While the power backup sector has made remarkable progresses over decades, it is the sustained progress of the industry which has helped it make remarkable progresses in the Indian manufacturing sector.