While there is a noticeable direct correlation between growth of
manufacturing with value addition (MVA) and reduction of poverty, most
advanced economies have reached the stage where services contribute the
maximum to their GDP.
'Made in India' may be an economic mantra, but India too is trending towards the western concept with the share of manufacturing in the economy showing a decline
'Made in India' may be an economic mantra, but India too is trending towards the western concept with the share of manufacturing in the economy showing a decline
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