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Home arrow News arrow Business News arrow India up from 12th to 9th position in industrial production : UNIDO report
India up from 12th to 9th position in industrial production : UNIDO report Print E-mail
Written by Ganesh   
Tuesday, 09 March 2010
New Delhi / Vienna: A new report by the United Nations Industrial Development Organization (UNIDO) states that India has emerged as one of the world's top ten countries in industrial production.

According to UNIDO's 'Yearbook of Industrial Statistics 2010' the top ten in 2009 were: the U.S., China, Japan, Germany, the Republic of Korea, France, Italy, the U.K., India and Brazil. India surpassed Canada, Brazil and Mexico in 2009 to reach the 9th position from the 12th position it held in 2008.

India is among the global top ten in the following sectors: basic metals; electrical machinery and apparatus; and other transport equipment, other than motor vehicles, trailers and semi-trailers; textiles; leather, leather products and footwear; coke, refined petroleum products, nuclear fuel; chemicals and chemical products.

According to UNIDO estimates, India's manufacturing value added (MVA) per capita is 283 US$ compared to 631 US$ of Brazil.

The report reveals that China is now the world’s second largest producer of manufacturing output. The share of China in world total of manufacturing value added (MVA) at constant 2000 US$ has reached 15.6 per cent in 2009, compared to 15.4 per cent of Japan, while the USA maintains its first rank with 19 per cent. These three countries combined produce half of the world manufacturing output.

Despite the lead of China in absolute amount of production, the report suggests that Japan is still the most industrialized country of the world in terms of MVA per capita. Japan’s MVA per capita for 2008 was almost 9000 US$ compared to about 700$ of China.

The report also suggests that the effect of the recent financial crisis on industrial growth was severe for industrialized countries, but relatively mild for developing countries.

UNIDO’s International Yearbook of Industrial Statistics 2010 is the only international publication providing economists, planners, policymakers and business people with worldwide statistics on current performance and trends in the manufacturing sector. The publication presents recent data from national industrial surveys for more than 70 countries in detail. UNIDO maintains international industrial statistics database and disseminates its statistical products to the wide range of international data users.

The Yearbook of Industrial Statistics 2010 also provides internationally comparable data for major indicators of manufacturing activity. The data can be used to analyze patterns of growth and related long term trends, structural change and industrial performance in individual industries.

 
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