India GDP 2020: SME to chip in 22%

He was speaking at the TechEx 2011,a technical and engineering exhibition,organised by the alumni of PSG Institute of Technology.

L Ganesh,Chairman,RANE group of Companies,said the eight to nine per cent growth of Indian economy could be sustained through manufacturing sector and not IT sector alone.

Though IT sector was playing a major role in the GDP growth,the manufacturing sector,with its present contribution of 15 per cent should increase it to 25 to 30 per cent in the near future,Ganesh said.

The Alumni of the college,from 1955 to 2011,are participating in the three-day exhibition,where 347 stalls showcasing different types of products are displayed.