Reforms :
"Manufacturing Sector" a casualty in India
• India and China launched their Economic Reforms Programmes almost 15 years back.
• In the last 10 years China has forged ahead on most economic measures.
• Over the last 20 years China's GDP has grown 10% a year compared with India is 6% growth rate.
• In 1990 manufacturing in China was 37% of the total economy. Today that has relatively increased to about 45%. China now produces 50% of the world's cameras, 30% of the Air Conditioners and Television sets, 25% of the Washing Machines and 20% of the Refrigerators. In the last 12 years manufacturing of Indian economy has decreased falling to about 24% from 30%.