India’s manufacturing sector needs momentum: UNIDO

According to a report released by the United Nations Industrial Development Organisation (UNIDO) on manufacturing, India has the potential to grow further in the manufacturing sector and needs to gain momentum. It has to improve its current 9th rank in the list of leading manufacturers of the world, as of 2010. The No 1 slot is held by the US with China at second place. The reason for India not showing up in the manufacturing league globally is because it lags in all sectors where there is the strongest value addition. In office and computing equipment, the country ranks sixth and in radio and television, it ranks eighth.