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 / ....

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