India among world's top 10 manufacturers, says UNIDO

NEW DELHI: India has emerged as one of the top ten manufacturers of the world, primarily helped by strong economic growth, according to a UN agency.

The United Nations Industrial Development Organisation ( UNIDO) has said that India is listed as one of the top 10 manufacturers of the world in 2010.

India along with other leading developing economies such as Brazil and China showed strong performance in economic growth in 2010 and the manufacturing value added (MVA) of all these countries grew by over 10 per cent last year (at constant USD of 2,000), the agency said.

As per UNIDO's just released International Yearbook of Industrial Statistics 2011, the three nations' share in world manufacturing output has reached 32 per cent compared to 20 per cent 10 years ago.

UNIDO said that world manufacturing is showing first signs of recovery from the recent financial crisis.

"India tops developing countries (China excluded) in production of textiles, chemical products, basic metals, general machinery and equipment, and electrical machinery," the statement said.

The report noted that India has overtaken Brazil in the production of motor vehicles and now ranks second among developing countries after Mexico.

On the other hand, Asian competitors -- Thailand, Malaysia and the Philippines -- are ahead in the production of electronic goods such as computers and office equipment.

"The MVA of industrialised countries grew by 3.4 per cent in 2010. However, developing economies were the major force of world industrial growth. In 2010, MVA of developing countries grew by 9.4 per cent," it added.