India is ranked among the largest manufacturing countries, according to a report by UNIDO, i.e. United Nations Industrial Development Organization. Earlier, India was on the 9th position. But, now the country has moved further and reserved the 6th position for itself.
It was found that in the year 2015, the Manufacturing Value Added of India increased by almost 7.6% as compared to the previous year. Further, 1% growth in the manufacturing output of fourth quarter is also witnessed.
The yearbook, published by UNIDO provides all such information.
The report not just provides info about India being ranked on the 6th position, but also provides info regarding the global growth rate of manufacturing. This growth rate is said to be slowed down by nearly 2.8% in the year 2015.
The reason behind this is estimated to be the decreasing growth rate of the emerging economies.
Talking about the top 10 countries in the manufacturers list, China is at the top position. Indonesia is at the bottom position in the top 10 list.