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The medium term challenge for Indian manufacturing is to move from lower to higher tech sectors, from lower to higher valueadded sectors, and from lower to higher productivity sectors.
Medium tech industries are primarily capital intensive and resource processing; and high tech industries are mainly capital and technoloy intensive. In order to push the share of manufacturing in overall GDP to the projected 25 per cent, Indian manufacturing needs to capture the global market in sectors showing a rising trend in demand. These sectors are largely high technology and capital intensive.
The medium term challenge for Indian manufacturing is to move from lower to higher tech sectors, from lower to higher valueadded sectors, and from lower to higher productivity sectors.
Medium tech industries are primarily capital intensive and resource processing; and high tech industries are mainly capital and technoloy intensive. In order to push the share of manufacturing in overall GDP to the projected 25 per cent, Indian manufacturing needs to capture the global market in sectors showing a rising trend in demand. These sectors are largely high technology and capital intensive.
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