Enhancing India's Manufacturing and Trade
- The Union Budget 2025–26 announced the National Manufacturing Mission, aiming to increase the manufacturing sector’s GDP share to 25% by 2030.
- Currently, manufacturing contributes only 16–17% to India's GDP, compared to China’s 28% and South Korea’s 25%.
- India’s trade deficit exceeds USD 250 billion, primarily due to heavy imports of electronics, machinery, and petroleum products.
- For 2025–26, the Production-Linked Incentive (PLI) scheme for electronics and IT hardware has the highest allocation of Rs. 8,885 crore.
- The government has allocated Rs. 2,819 crore under the targeted PLI scheme for the automobile and auto component sector in FY 2025–26.
- The textile sector saw a 57.5% rise in ....
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