Manufacturing Sector in India
The manufacturing sector is a key driver of India’s economic growth, contributing around 15–17% to the GDP and central to achieving the $5 trillion economy goal and Viksit Bharat@2047 vision. In FY 2024–25, the sector saw 6% growth in corporate sales and an 18% rise in FDI inflows, reaching $19.04 billion. Flagship initiatives like the Production-Linked Incentive (PLI) scheme and PM Gati Shakti are boosting investment, exports, and infrastructure, positioning India as a rising global manufacturing hub.
Recent Developments
- The manufacturing sector's contribution to India's GDP has historically hovered around 15-17%. While specific 2024-25 data for manufacturing's contribution to ....
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