Average Cx

and Construction share SS

NB- Mining, Electricity
GDP.
13 perccnt of the

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targets for
current prices and the underlying of Rs.
The projections are
made at
past trend, GDP (at current prices)
rates are based on the approximately USD 5 trillion at the
average annual growth2024-25
3.60,00,000 crore in is equivalent to
Rs. 72/- per USD.
assumed exchange rate of REVIEW AND WAY FORWARD
ECONOMY
MANUFACTURING SECTOR
look optimistic and India is gearing up to bccomeofa
for India backbone
The growth prospects
powerhouse as the manufacturing sector forms the production
global manufacturing addition, MNCs are now able to diversify their growth for
the Indian economy. In manufacturing,thereby driving sustainable
capabilities to include low cost strategy is suggested to achieve required expansion of
the sector. Following three-pillar
output, whose broader view is shown in Figure-1.
the manufacturing sector
a) Focus on existing high impact sectors
b) Focus on emnerging sectors
c) Focus on MSMEs
Defence
largest military and sixth biggest defence spender in the world.
India is the third Rs 2.95 1lakh crore, about 12 per cent of the
The defence budget (2018-19) is about
government expenditure for the year 2018-19. The following measure
central
Identify key components and systems and encourage global leaders in
suggested: base in India. Forge industry -
components and systems to set up manufacturing for new concepts, technolog1u.
labs - academia collaborations. Set grand challenges
funding and encourage long-term funding
and its adaptation. Institute priority-sector
mechanisms

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