Analyse the trend in the industrial performance of India during the post-1991 phase.

In 1990-91, industry (manufacturing) contributed 26 per cent of India’s gross domestic product (GDP) (15%), employing 15 per cent (12%) of the workforce and using 39 per cent (24%) of the economy’s net renewable capital stock.1 In the 1980s, industry was the economy’s ‘leading’ sector, growing annually at over 6 per cent, while the domestic output grew annually at around 5.5 per cent and exports (two-third of which were manufactures) at 8.5 per cent (in current dollar terms). The decade witnessed modernisation __________ _______ ____ ___ ____ _________ _________ _____ _____ __________ ____.
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