Evaluating India’s Ascent in the Future of Manufacturing
India is quickly emerging as a new power center in the manufacturing world. Owing to its demographic advantage, rapid urbanization, digital transformation, growing middle class, strong economic reforms, strategic geopolitical position, and green energy revolution, it is expected to become a leading global economy during this decade. According to the International Monetary Fund (IMF), India is expected to grow at 5.9% in 2024 and continue to be one of the fastest-growing economies. Having been a service economy (for the most part) for decades, the country's manufacturing landscape is indicating an upheaval.
Aided by a stable political climate and a proactive industrial policy, India is showing all the signs of becoming a major manufacturing alternative to China during the next decade. Global supply chain fragility and an unstable geopolitical situation in the West give India a competitive advantage, which will advance manufacturing development in the country. This study analyzes the current manufacturing landscape in India and offers foresight on potential growth opportunities.
Table of Contents
1. Strategic Imperatives
- Why Is It Increasingly Difficult to Grow?
- The Strategic Imperative 8™
- The Impact of the Top 3 Strategic Imperatives on the Future of Manufacturing in India
- Growth Opportunities Fuel the Growth Pipeline Engine™
2. Growth Opportunity Analysis
- Foreign Direct Investment (FDI) in Indian Manufacturing: An Outlook
- FDI Equity Inflow into India: Assessment and Foresight
- Annual Growth Rates of Key Manufacturing Sectors
- Recent Government Initiatives for the Growth of the Indian Industrial Sector
- Why India for Manufacturing?
3. Growth Drivers and Restraints
- Growth Opportunity Universe
- Growth Opportunity 1: India’s Electric Vehicle Market will be One of the Largest in the World by 2030
- Growth Opportunity 2: India is a Fast-growing Electronics Industry and an Alternative Production Base
- Growth Opportunity 3: India’s Semiconductor Industry is an Invaluable Alternative to Diversify and Strengthen Weak Supply Chains
- List of Exhibit
