As per the UNIDO Report, India stands 6th among the world’s top 10 largest manufacturing countries. Of the top ten industrial producers, China is at the No. 1 position followed by the USA, Japan, Germany and South Korea. Indonesia stood at bottom of the list, at 10th position. The global growth rate of the manufacturing production has reduced to 2.8% in 2015. Due to the increased index of industrial production and Manufacturing Value Added (MVA), India has climbed ranking by three places. India’s MVA increased by 7.5% in comparison with previous year, as well as International Investment Position (IIP) of the country increased by 1% in the fourth quarter of 2015.
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