India aims to double manufacturing’s GDP share to 23% by 2047 to create jobs, cut imports, and boost exports. Focused on 14 sunrise sectors, the plan includes PLI schemes, infrastructure upgrades, skilling, and trade pacts. Key efforts support MSMEs, green energy, and global supply chain integration for “Viksit Bharat.”
Copyright infringement not intended
Picture Courtesy: THE HINDU
India aims to double manufacturing’s GDP share to 23% through emerging sectors.
Currently, manufacturing contributes only 12% to India’s GDP. The goal is to nearly double this to 23% in the next 20 years, by 2047, when India aims to become a developed nation, called ‘Viksit Bharat’ (Developed India). The Finance Minister shared this plan during her speech at Stanford University in April 2025.
Premium
Already Subscribed?
© 2025 iasgyan. All right reserved
