<h1>Manufacturing Sector Faces Decade of Unsteady Growth; Government Cuts Current Account Deficit from 4.7% to 1.7.</h1> The manufacturing sector's growth has been inconsistent over the past decade, with significant slowdowns in 2012-13 and 2013-14 due to reduced domestic demand, inflation, rising input costs, and global economic slowdowns. Employment in manufacturing dropped from 55.77 million in 2004-05 to 50.74 million in 2009-10. The government addressed a high Current Account Deficit (CAD) of 4.7% in 2012-13 by boosting exports, reducing imports, and improving capital inflows, leading to a CAD reduction to 1.7% in 2013-14. These measures, alongside global economic recovery, improved the trade balance.