Manufacturing in India is a crucial sector, driving economic growth and socio-economic development. It spans diverse industries such as automobiles, textiles, chemicals, electronics, machinery, and food products, and each vital to both domestic and global markets. Contributing about 15-16% to GDP and employing around 12% of the workforce, manufacturing is India’s second-largest industry after agriculture. It’s essential for economic contributions, innovation, and exports, with India being a leading global manufacturer of automobiles, especially two-wheelers, compact cars, and tractors.
The future of Indian manufacturing is promising, driven by digital transformation and sustainable practices. Technologies like IoT, AI, robotics, and green tech are set to enhance productivity and global competitiveness. Additionally, global supply chain realignments present opportunities for India to attract businesses diversifying from traditional hubs like China.