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India is Top Six Manufacturer says UNIDO

India is Top Six Manufacturer says UNIDO

Headquartered in Vienna, Austria, the United Nations Industrial Development Organization (UNIDO) has  just released its 2015 Yearbook. A report on global manufacturing output mentions China at the top of the list of the top 10 industrial producers followed by the U.S., Japan, Germany, and Korea. India at the sixth place saw its rank improve three places from the previous assessment reports Business Standard.

The global growth rate of manufacturing production has slowed to 2.8 percent in 2015. This slowdown could be due to reduced manufacturing growth rates recorded by major developing and emerging economies.

In India, Manufacturing Value Added has grown by 7.6 percent in 2015 compared to 2014.

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