The Hindu : Business : Developing nations turn out 30 % of world MVA

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Wednesday, Apr 08, 2009
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Developing nations turn out 30 % of world MVA

Special Correspondent

UNIDO releases International Yearbook 2009

India ranks among leading producers of automobiles, petroleum products and textiles.

NEW DELHI: The International Yearbook of Industrial Statistics 2009 of the United Nations Industrial Development Organisation (UNIDO) has ranked India as among the leading producers of automobiles, petroleum products, textiles, electrical machinery and apparatus, basic metals, chemicals and chemical products, leather products coke and nuclear fuel.

In its latest report, it has pointed out that the annual growth rate of manufacturing value added (MVA) in India rose from 6.9 per cent in 2000-05 to 12.3 per cent in 2005-07 while MVA per capita grew by 10.6 per cent and 5.2 per cent respectively in the period under review. The share of MVA in India’s gross domestic product (GDP) stood at 14.8 per cent in 2006 against 13.8 per cent in 2001.

It ranks India among the world’s leading 12 producers of textiles (ranked 4th after China, the U.S. and Italy); electrical machinery and apparatus (5th); basic metals (6th); chemicals and chemical products (7th); leather, leather products and footwear (10th); coke, refined petroleum products and nuclear fuel (10th); machinery and equipment (12th); and motor vehicles (12th), based on 2007 figures. Among the leading developing countries, India figures among the top five.

The report states that the share of developing countries in total world manufacturing value added is rising, even as industrialised nations play the dominant role in the manufacturing industry.

Recent estimates for 2008 indicate that developing countries now produce almost 30 per cent of world MVA compared to 16 per cent in 1990.

The increasing share of developing world vis-À-vis industrialised countries is also explained by the shift in location of manufacturing, especially assembling of final products, from industrialised countries to developing countries.

Japan remains the world’s most industrialised country in terms of MVA per capita, followed by Switzerland, Singapore, Ireland, Finland, Sweden, the U.S., Germany, Austria, Luxembourg, Republic of Korea, Denmark, Iceland, Canada, Belgium, the U.K., Norway, the Netherlands, Italy and France.

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