India jumps to sixth spot in manufacturers list: UN report

The UN report states that India’s Manufacturing Value Added (MVA) grew by 7.6% in 2015 

 With its ranking going up by three places, India has now been ranked sixth among the world’s 10 largest manufacturing countries, a United Nations Industrial Development Organization report said. India previously held the 9th rank.

The yearbook, published by the UNIDO, finds that in India, the Manufacturing Value Added (MVA) grew by 7.6% in 2015 compared to the previous year. It also said that the quarterly index of industrial production (IIP) shows 1% growth of manufacturing output in the fourth quarter of 2015 compared to the same period of previous year.
“India is now the sixth largest manufacturer in the world,” the report said. The report also said that the global growth rate of manufacturing production has slowed to 2.8% in 2015. “This slowdown could be due to reduced manufacturing growth rates recorded by major developing and emerging economies,” it added.
China tops the list of 10-top industrial producers followed by the US, Japan, Germany and Korea. Indonesia was at the bottom of the lis