As we look at the world economy today, India stands out for its high potential and has already emerged as the fastest growing major economy. India has however taken a rather unconventional path of economic development; leapfrogging over the manufacturing-led stage of development and relying on the service sector to drive its economic growth. The Government at the Centre had shown a strong intent to revive India’s manufacturing sector and make the nation a global manufacturing hub. A revival in the manufacturing sector is imperative for India to achieve an inclusive and sustainable growth. To achieve a manufacturing-led transformation, the Government has launched the ‘Make in India’ Programme to provide conducive environment for manufacturing sector in India and develop it as an attractive hub for manufacturing.
At Dun & Bradstreet, we believe that manufacturing in India would grow with “Make in India” initiative acting as a catalyst. Along with ‘Make in India’ Programme, other initiatives like Digital India, Start-up India, Stand-up India, developing Smart Cities and Rurbanisation if implemented conscientiously and accountably will change the dynamics of Indian economy in next decade. In order to effectively catalogue this journey of growth, D&B has instituted a first edition of research based publication: “Manufacturing India 2025” that analyses the prospects of the Indian manufacturing sector over the next decade.
The publication Manufacturing India 2025 is broadly divided into the following sections:
- India in 2025: Macroeconomic outlook
- Manufacturing India in 2025
- Current investment scenario and outlook
- Industry outlook (Metals & Mining, Machinery & Equipment, Chemical & Pharmaceuticals, Automotive, Textiles, Garments & Leather products and Food Processing
- Global benchmarking
In this publication, Dun & Bradstreet has evaluated the growth prospects of the overall economy and identified key enablers of manufacturing growth. The report outlines the current investment scenario, provides growth estimates of leading six industrial sectors, compares the enablers of Indian manufacturing with its global counterparts and also lists down key constraints that could pose downside risks to India’s growth prospects.
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