India among top 10 industrial nations in the world: Unido
30 Mar 2011
According to a United Nations Industrial Development Organisation (Unido) report, India now ranks among the top 10 industrial nations of the world that has also withstood the financial recession with a growing trend of productivity in its manufacturing industries.
However, India is still far behind China which ranks at the second position after the US, the report titled, 'International Yearbook of Industrial Statistics - 2011' says.
The report says, during the global economic downturn, the share of manufacturing value addition of industrialised nations such as the US, Japan, Germany and the UK fell sharply, while that of developing countries such as China, India and Brazil has surged.
The India section, titled, 'Performance of Manufacturing Industries of India', takes note of the country's new status as leader among developing countries in a number of high energy-intensive segments. Indian manufacturing output, as a proportion of all developing countries put together in chemical products, basic metals and textiles, is 22.2 per cent, 25 per cent and 16.8 per cent respectively.
According to Unido, the sectors are also responsible for consumption of high-energy resources when compared to global leaders such as Japan.
Unido chief statistician Shyam Upathyaya says, in India there were some sectors that had shown efficiency of energy but there was potential to bring down energy consmption further.
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