India - Industry



India's policy of economic self-reliance after independence led to a surge in industrial activity, although much of it was inefficient. Indian industry currently, which includes the sectors of manufacturing, textiles, chemicals, food processing, construction, mining, energy, and IT, contributes about 30 percent of the country's GDP and employs 18 percent of the whole labor force. Among the Indian industry's successes are electronics and software manufacturing. Software engineering has been growing by around 50 percent per year, with as much as 80 percent of software production being exported, earning an estimated US$4 billion in 2000 out of a total export earnings of US$37.5 billion.

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