India among world's top 10 manufacturing nations: UNIDO | business | Hindustan Times
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India among world's top 10 manufacturing nations: UNIDO

business Updated: Mar 29, 2011 21:29 IST
HT Correspondent

India is listed as one of the top 10 manufacturers of the world in 2010, according to the International Yearbook of Industrial Statistics 2011, published by the United Nations Industrial Development Organisation (UNIDO).

India together with other leading developing economies such as Brazil and China showed strong performance in economic growth in 2010.

The manufacturing value added (MVA) of all three countries grew by more than 10 % in 2010.

"Thanks to the high growth rates achieved by developing countries, their share in world manufacturing output has reached 32% compared to 20% ten years ago," a UNIDO statement said.

"Competitiveness of Indian manufactured goods in the global markets has significantly improved," UNIDO's chief statistician Shyam Upadhyaya said while releasing the report.