PowerPoint Presentation

GDP-Manufacturing sectorPresented bySonam Gangwani& Pallavi Sen

Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082AGENDAHistory of GDPGDP growth %Manufacturing sectorCurrent ScenarioState & Sector wise contribution to GDPManufacturing & Employment RelationGovernment InitiativesChallenges faced by manufacturing sectorFuture outlook

Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082HISTORY GDP was first developed by SIMON KUZNETS.Basically after Breton Woods Conference, held inNew Hampshire in 1944,GDP became the main tool for measuring a countries economy. Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082GDPSource: www.mospi.nic.inSubmitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082Different Sectors

Agriculture sectorManufacturing sectorService sector

Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082Manufacturing

Basic goodsCapital goodsIntermediate goodsConsumer goodsElectricityCoalFertilizersCementSteel casting

Commercial vehiclesElectric motorsWagonsHeavy locomotivesGiant tyresPetroleumBoltsPaintsJutePlywood

PaperSugarWheatSoapPhoneTea

Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082MANUFACTURING SECTORBackbone of any economyFuels growth & employment generationCatalyst for agricultural & service sectorBarometer of overall health of economy

Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082Top sectors in Indian manufacturing AUTO INDUSTRYCHEMICALSELECTRONICSENGINEERINGFOOD PROCESSINGGEMS AND JEWELLERSLEATHERMACHINE TOOLSTEXTILES WATERMINING

Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082Current scenarioSpectacular growth after slowdown in 90sMore diversification & better availability of skilled man powerSignificant player in aerospace industry undergoing transformationGenerates about 45 million jobs, 80% of which are unorganized segmentPotential to create up to 90 million jobs by 2025Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082STATE-WISE CONTRIBUTIONStrong manufacturing states Gujarat, Maharashtra, Tamil Nadu, Karnataka, Andhra Pradesh, Goa, Haryana, JharkhandMedium manufacturing states Chattisgarh, Himachal Pradesh, Madhya Pradesh, Odisha, Punjab, Rajasthan, Uttar Pradesh, UttarkhandWeaker manufacturing states Tripura, Sikkim, Nagaland, Kerela, Bihar,Assam Jammu & Kashmir, West Bengal Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082SECTOR WISE CONTRIBUTION TOWARDS GDPSubmitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082Manufacturing & Employment RelationSubmitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082Government InitiativeNational manufacturing competitiveness council (NMCC)Set up in September 2004Inter disciplinary & autonomous body at highest levelSustain growth of manufacturing industriesSuggest ways & means for enhancing sub sectors having potential of global competitiveness

Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082CLASSIFICATION IN MANUFACTURING SECTOR(12TH PLAN) SECTOR OF STRATEGIC IMPORTANCESECTOR OF BASIC INPUTSECTOR OF DEPTH AND VALUE ADDITIONSECTOR FOR EMPLOYMENTDEFENCE EQUIPMENTAEROSPACESHIP BUILDING & REPAIRCAPITAL GOODSSTEELMINERAL EXPLORATIONFERTILIZERCEMENTAUTOMOBILEELECTRONICSPHARMACHEMICALPAPERTEXTILEFOOD PROCESSINGLEATHER & LEATHER GOODSGEMS & JEWELLERYSubmitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082CHALLANGESManufacturing sector requires urgent attention both at macro and micro levelsTax burden on MSME Enhancing the skills of the workersUp gradation of technologyHigh cost of productionQuality of productsManufacturers operating beyond their capacityExpensive financingLow labor productivityPoor infrastructureRaw material cost

Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082ExpectationsIncrease in rate of job creationFocus on level of domestic value additionEnhance the global competitiveness through appropriate policy supportEnsure sustainability of growthIncrease in manufacturing sector growth to 2-4% more than GDP growth for the economy and increase share to 25% of overall GDP by 2025Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082Growth expectations for 2012-13 compared with 2011-12SECTORGROWTH EXPECTATIONCHEMICALSLOWFOOD PRODUCTSMODERATEELECTRONICS & ELECTRICALSLOWTEXTILESMODERATECAPITAL GOODS LOWSTEEL & METALSLOWAUTOMOTIVELOWCEMENTSTRONGLEATHER & FOOTWEARMODERATETYRELOWMACHINE TOOLSLOWTEXTILES MACHINERYMODERATESubmitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082PotentialOnly manufacturing sector has the capacity to absorb large labor pool of the country(CISCO)Manufacturing sector has great potential to employ people and increase the income levels(FICCI)India placed 2nd in the Deloitte Manufacturing Competitive ReportIndia has beaten Brazil in the production of motor vehicles which is good sign for countries growth in value added manufacturing

Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082Sourceswww.ibef.orgwww.reuters.comwww.wikipedia.comwww.google.comwww.investopedia.comwww.investorzclub.comwww.machinemag.comwww.articles.economictimes.indiatimes.com

Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082

Submitted to: RVM Finishing School & Consultancy. www.rvmfinishingschool.com 9550812082