Comments
Contribution of small and medium enterprises to the country’s gross domestic product (GDP) is expected to increase to 22 per cent by 2020, from the present 17 per cent, a top official of Department of Science and Technology said on Friday.
Indian companies, products and services were being seen as budding stars and paving way for ‘brand India’, especially in the Middle East and Africa, where Indian firms were given preference over others, said Mr K Jayakumar, Joint Secretary, Department of Scientific and Industrial Research.
Mr L Ganesh, Chairman, RANE group of Companies, said the eight to nine per cent growth of Indian economy could be sustained through manufacturing sector and not IT sector alone.
Though IT sector was playing a major role in the GDP growth, the manufacturing sector with its present contribution of 15 per cent should increase it to 25 to 30 per cent in the near future, Mr Ganesh said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.