Figuring Out • 1d
It's only the Manufacturing Sector that creates job and we are experiencing negative growth in it! Wow. Wait, i actually researched a bit and found out that the situation is same in other countries (including China!). And that's not because The Manufacturing industry ain't growing, it's because the other industries are growing at much faster rate.. This means even when there is a massive increase in manufacturing industry, other industries like service grew way faster which reduced the share of manufacturing sector in India and other countries too. I have attached graph and a table showing share of manufacturing sec in total gdp and absolute Manufacturing growth respectively.
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