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Manufacturing

Manufacturing

Without any doubt, it can be claimed that manufacturing holds the key to a country’s economic growth. Though in recent past, the sector didn’t undergo a great boom, the sector has shown signs of recovery. As per the Ministry of Commerce (Govt. of India), the sector is expected to reach a figure of US$ 1 trillion by 2025. The sector contributes 15.1% to GDP and has a CAGR of 7.5%. The manufacturing PMI is stated to be 52.5 and the country’s Manufacturing Competitiveness Index Score is 7.65.


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Manufacturing

Manufacturing

Commodities such as passenger vehicles, utility vehicles, tractors, textile machinery, industrial gases, Motors (LT), capacitors, Nylon filament yarn, machine tools microwave ovens, audio home theatre, personal computer, bus & truck tyre, industrial tyre, float glass, rubber footwear, drug pharma, alcoholic beverages, electricity etc have fared low growth (0%-9%), whereas commodities such as commercial vehicles, newsprint, crude oil, power cable, auto component, pumps, energy meters, etc have registered a negative growth.
The good growth of automobile industry is driven by the excise duty cuts announced during the interim budget and its extension during the recent budget of the new government. The excise duty stimulus also comes as a respite to the capital goods sector as well as the white goods sectors.

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Agriculture

India holds the second largest agricultural land in the world comprising of 179.9 million hectares..

Auto Components

India has been a hub of Auto component manufacturing companies. The industry is expected to reach..

Banking and financial Services

With the advancement of Technology and aided by a decent performing economy..

Education

India, being a densely populated country, a majority of the population is below the age of 25..

Biotechnology

The Biotechnology sector in India has been a late bloomer. Though it has not fully matured yet..

IT & ITES

The IT & ITES sector has contributed significantly to the GDP of India. Indian IT and ITeS industry is divided..

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