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.
India holds the second largest agricultural land in the world comprising of 179.9 million hectares..
India has been a hub of Auto component manufacturing companies. The industry is expected to reach..
The Biotechnology sector in India has been a late bloomer. Though it has not fully matured yet..
The IT & ITES sector has contributed significantly to the GDP of India. Indian IT and ITeS industry is divided..