SBI Research: India Needs To Focus More On Increasing Productivity And Less On Import Tariffs In Quest For Atmanirbhar Bharat
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SBI Research Report
A cross country comparison of manufacturing value added of top world manufacturers shows that between 2004 and 2017 China gained around 18% market share in Manufacturing Gross Value Added, while India gained 1.5%, the second highest (sixth largest in global manufacturing share at 3%).
Other emerging markets viz. Brazil, Indonesia, Turkey, Thailand have also increased their share in world manufacturing.
However, the respective increase is less than 1% for each country.
The per capita manufacturing still shows the lack of achievement of India’s full potential.
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