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Despite 'Make-in-India' push, industry share in GDP hit 20-year low in 2019

India now has one of the smallest industrial sectors in Asia at 27.5%, with the exception of Pakistan, Nepal

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In Asia, the industrial sector accounted for 30.8 per cent of the countries’ GDP on an average.

4 min read Last Updated : Nov 19 2020 | 2:03 PM IST

Manufacturing made up 27.5 per cent of India’s gross domestic product (GDP) in 2019, lowest in two decades, showing the share of the sector continues to shrink in the economy despite the government’s Make-in-India push. This makes India one of the least industrialised countries in Asia with the exception of Pakistan, and, Nepal.

The industrial and manufacturing sector’s share is down 250 basis points (bps) over the past five years. It accounted for 29.3 per cent of the country’s GDP three years ago and 30 per cent in 2014. One basis point is one-hundredth of a per cent.

In Asia,

Topics : Make in India GDP Indian Economy

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