Industry & Industrial Policy

Manufacturing Sector – Two-Track Strategy, 17% GDP Contribution

Aspect

Description / Key Points

Introduction / Concept

  • The manufacturing sector adds value by converting raw materials into finished products.
  • It contributes approximately 17% to India's GDP.
  • It is the main pillar of employment, exports, and industrial progress.

Background

  • Due to increasing global competition and a stagnant share of manufacturing in GDP, India has adopted a new "Two-Track Strategy."

Key Features

  • Two-Track Strategy:
  • Promotion of labor-intensive industries like Textiles and Leather.
  • Development of high-technology industries like Semiconductors and Electronics.
  • Policy Incentives: Emphasis on schemes like 'PLI' (Production Linked Incentive) and 'Make in India'.

Positive Impact / ....

Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Economy