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India can double share of value added goods to 25% of GDP: PwC

Industry Economy

According to PwC, India can more than double the share of value-added manufacturing to 25% of the GDP in about two decades by improving competitiveness. The report shows that value-added manufacturing can grow to 20% by 2024 and to greater than 25% in 2034 if India can step up its manufacturing competitiveness. It also said that the share of R&D investment in India's GDP will have to grow from 0.8% at present, to 2.4% in 2034.

Extracted from BS, Feb 09,’15

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