Manufacturing Sector Share in GDP Expected to touch 25%

Presenting the General Budget 2011-12 here today, Shri Pranab Mukherjee, Finance Minister announced that the share of manufacturing in GDP is expected to rise from about 16% to 25% over a period of ten years. The government will come out with a Manufacturing Policy, which will bring down the compliance burden on the industry through self-regulation and help make Indian industry globally competitive.

The Finance Minister has also proposed to include capital investment in fertilizer production as an infrastructure sub-sector.

Source : Equity Bulls

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