Manufacturing sector in India -part 2

By 2012, it is estimated, based on current economic projections, that this sector will employ a further 12–13 million out of nearly 89 million additional people who will enter the workforce. Studies have estimated that every job created in manufacturing has a multiplier effect, creating 2–3 jobs in the services sector. In a country like India, where employment generation is one of the key policy issues, this makes this sector a critical sector to achieve inclusiveness in growth. The key drivers of the huge growth of the manufacturing companies in India are due to the multinational companies. They are famous worldwide and contribute a lot in the economy of the country. India is one of fastest growing in automobile industries. The increasing need for automobiles in India made many of the foreign automobile manufactures to manufacture their products in India. Companies like Volkswagen have provided job opportunities in plenty. Maruti Suzuki India started production at its Manesar plant, which faced labour troubles recently, will return to normal by the middle of this month. 

            India is quickly rising as a worldwide manufacturing hub with a huge number of companies changing their manufacturing base to the country. Furthermore, India has the largest number of companies, outside of Japan, that have been recognized for excellence in quality.