The United  Nations Industrial Development Organization in its report has placed India at 6th among the world’s top 10 largest manufacturing countries. India previously held the 9th rank.

• The Yearbook, published by the United Nations Industrial Development Organization (UNIDO), found 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 the previous year.
• The report also said the global growth rate of manufacturing production has slowed to 2.8% in 2015.
• China tops the list of 10-top industrial producers followed by the US, Japan, Germany and Korea. Indonesia was placed at the bottom of the list.

Did You Know?

• The United Nations Industrial Development Organization (UNIDO) is a specialized agency in the United Nations system, headquartered in Vienna, Austria.
• The Organization’s primary objective is the promotion and acceleration of industrial development in developing countries and countries with economies in transition and the promotion of international industrial cooperation.
• It is also a member of the United Nations Development Group.
• UNIDO believes that competitive and environmentally sustainable industry has a crucial role to play in accelerating economic growth, reducing poverty and achieving the Millennium Development Goals.