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High-income countries experienced a decline in the share of industry in GDP over the last thirty years. In the case of India, the share of industry in GDP increased from 20% to 27% during the same period. The service industry accounts for about 60% of the GDP total (April 2007). Industrial production growth rate in India was at 7.5% (2006-07). Industrial production index was at 221.5 in 2006, on a base of 100 in 1993-94. Steel - According to International Iron and Steel Institute, 2007, China is the world’s largest steel producer (422 Million tonnes) followed by Japan (116 Million tonnes), USA (98.6 Million tonnes), Russia (70.6 million tonnes) and South Korea (48.4 million tonnes). India occupies the fifth position with 51 Million tonnes. - Japan is the top exporter of steel followed by Germany & Russia. USA is the top global importer of steel followed by China & German. - Per-capita steel consumption is the highest in North America (about 450 kg. of steel). For India, it is about 22 kg.
Cement India has seven aluminium smelters making it the fifth biggest in the world after USA (23 smelters); China (unknown); Russia (11) and Canada (11). Brazil and Norway also have seven smelters. Textile Textiles is the largest single industry in India (and amongst the biggest in the world), accounting for about 20% of the total industrial production. It provides direct employment to around 20 million people. Textile and clothing exports account for one-third of the total value of exports from the country. There are 1,227 textile mills with a spinning capacity of about 29 million spindles. While yarn is mostly produced in the mills, fabrics are produced in the powerloom and handloom sectors as well. The Indian textile industry continues to be predominantly based on cotton, with about 65% of raw materials consumed being cotton. The yearly output of cotton cloth was about 12.8 billion m (about 42 billion ft). The manufacture of jute products (1.1 million metric tons) ranks next in importance to cotton weaving. Automobiles: Motor vehicle production, 2002 Source: Automotive News Data Center and Marketing Systems GmbH
Note: India is the worlds largest producer of two-wheeled motor vehicles and recorded production of 2,621,000 motorbikes and mopeds in 1995/6 alone. India is the second largest cycle manufacturer in the world after China. Fertilizers: Marble: Rubber: More than 80 percent of the world's natural rubber grows on plantations in the Far East, chiefly in India, Sri Lanka, Thailand, Indonesia, and Malaysia. India and Sri Lanka grow about 10 percent of the world's supply of natural rubber, and Africa grows about 5 percent. The rest comes from South America. The world's annual production of natural rubber is about 61/4 million short tons (5.7 million metric tons). The United States uses about a sixth of the world's total natural rubber production. Silk: Salt: Oriental carpets: Other important sectors of manufacturing include processing of agricultural products, including sugar refining, tea, rice, and vegetable oil processing, flour milling, and tobacco production; machinery, including electrical and electronic equipment; transportation equipment, primarily road vehicles and railroad equipment; non-ferrous metals, particularly aluminum and brass; fertilizer; refined petroleum; chemicals; and computer software. Renowned high-quality handmade products include wood carvings, pottery, and brass, copper, and silver objects. Small scale Industries in
India, 2006
Note - Export figures are for 2003-04 Indian companies stand 6th in the worlds most-taxed list A recent KPMG report comparing corporate tax rates in various countries indicates that Indian companies are the sixth most taxed companies in the world. The global average for corporate taxes is around 35 per cent, but India, with a 38.5 per cent corporate tax rate, comes next only to countries like Germany (51.63%), Pakistan (40%), Japan, Italy, Belgium and the US. These countries have tax rates ranging between 40 per cent and 51.63 per cent. Significantly, the lowest corporate tax rates are charged by Hong Kong, which has rates as low as 16 per cent, followed closely by Hungary at 18 per cent.
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Fast Facts: - India is amongst the fifteen most industrialized countries in the world. - India is the fifth biggest producer of steel in the world. - India is the fourth largest producer of cement in the world. - India is the fifth biggest aluminium producer in the world. - India is the fifteenth largest automobile manufacturer in the world. - India is the largest two-wheel motor vehicles manufacturer in the world - India is the second largest cycle manufacturer in the world - India is the fifth leading fertilizer producer in the world - India is the fourth largest consumer of fertilizer in the world. - India has the fourth largest Marble industry in the world. - India is the largest producer of rubber in the world. - Indian silk industry is the fourth biggest in the world.
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