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Manufacturing investment? India set to be No. 1!
June 23, 2008
USA: US share of investments in manufacturing, acccording to the KPMG survey, is expected to fall by 4 per cent to 23 per cent in recent future.
The US is also expected to give up its dominance of the mining, industrial products and IT/telecoms sectors, with China taking first place in each case.
The US economy is the largest national economy in the world, with a nominal 2006 gross domestic product of more than $13 trillion.
Image: The Statue of Liberty is seen in this aerial view of Liberty Island in New York.| Photograph: Stan
Honda/AFP/Getty Images.
Also read: The amazing success story of Fabindia
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