India among global top 10 in industrial production

UNIDO estimates that the U.S., China and Japan jointly account for 50 per cent of the world’s manufacturing output

India has emerged as one of the world’s top ten countries in industrial production, according to UNIDO’s (United Nations Industrial Development Organisation) ‘Yearbook of Industrial Statistics 2010′. In 2009, India overtook Canada, Brazil and Mexico and moved up to the ninth position, three places up from the 12th position it held in 2008.

The top ten in 2009 were: the U.S., China, Japan, Germany, the Republic of Korea, France, Italy, the U.K., India and Brazil. As per the yearbook, the sectors in which India figures among the global top ten are textiles; leather, leather products and footwear; coke, refined petroleum products, nuclear fuel; chemicals and chemical products; basic metals; electrical machinery and apparatus; and other transport equipment, other than motor vehicles, trailers and semi-trailers. Despite the global financial crisis, India maintained its industrial growth and overtook its major competitors in the developing world as a consequence. Alongside, however, the country’s manufacturing value added (MVA) per capita at $283 is still way below that of Brazil ($631) and Mexico ($1,093).

According to the yearbook released last week, China is now the world’s second largest producer of manufactured goods. “With this development, China unseats Japan and is (only) trailing behind the U.S.,” it said. UNIDO estimates that the top three countries — the U.S., China and Japan — jointly account for 50 per cent of the world’s manufacturing output.

However, despite China’s lead in the absolute amount of production, the report suggests that Japan is still the most industrialised country globally in terms of MVA per capita. Japan’s MVA per capita for 2008 was almost $9,000 as compared to about $700 for China. The report also suggests that the effect of the recent global meltdown on industrial growth was severe for industrialised countries, but relatively mild for the developing countries

According to UNIDO, its yearbook of industrial statistics is the only international publication providing economists, planners, policymakers and business people with worldwide statistics on current performance and trends in the manufacturing sector.

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