The U.S. move to tariffs on pharmaceuticals, while sparing generics for now, injects uncertainty into India’s pharma industry. This tariff shock highlights overdependence on the U.S. market and Chinese APIs, pushing India to fast-track Atmanirbhar Bharat through PLI schemes and bulk drug parks to secure its future as the world’s pharmacy.
Click to View MoreThe manufacturing sector plays a crucial role in India’s economic development by generating large-scale employment, boosting GDP growth, and driving structural transformation from agriculture to industry. However, its performance has remained below potential, with the sector contributing only about 15–17% of GDP and around 11–12% of total employment. Constraints such as high logistics costs, infrastructure gaps, low R&D spending, skill mismatches, regulatory complexity, and dominance of informal enterprises have slowed progress. Government initiatives including Make in India, Production Linked Incentive schemes, PM Gati Shakti, Atmanirbhar Bharat, and Skill India aim to raise competitiveness, enhance domestic value addition, and integrate India more deeply into global value chains. Overall, manufacturing remains central to India’s growth strategy, but sustained reforms and investment are needed to fully realise its potential.
Click to View MoreIndustrial parks are planned industrial ecosystems that provide serviced land, shared infrastructure, and simplified governance to accelerate manufacturing growth in India. Backed by initiatives such as plug-and-play parks, the India Industrial Land Bank, industrial corridors, and the Industrial Park Rating System, they play a crucial role in attracting investment, generating employment, promoting sustainability, and strengthening India’s integration into global value chains, while also requiring continuous upgrades to address infrastructure gaps, regional imbalances, and environmental challenges.
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India is working to build big and world-class banks to support its growing economy and global competitiveness. Reforms like the Indradhanush Plan, Atmanirbhar Bharat recapitalization, EASE reforms, and FSIB governance improvements have strengthened public sector banks. Digital innovations like UPI and Public Tech Infrastructure, along with the IFSC at GIFT City, position India as a leader in financial technology and global banking. The focus going forward is on capital adequacy, governance, digitalization, risk management, sustainability, and global integration to create banks that are efficient, resilient, and internationally competitive.
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As global powers turn inward, India has a rare chance to make its cities global innovation hubs. This requires urgent urban reform, better governance, clean air, efficient transport, and top-tier education and healthcare to attract and retain talent, driving India’s economic transformation.
Click to View MoreThe Biotech sector in India is experiencing rapid growth, fueled by innovation, government initiatives, and international demand. However, challenges such as funding shortages, fragmented infrastructure, and outdated regulations impede its full potential. To become a global leader, India must streamline biotech clusters, attract late-stage investment, update regulations, and develop skilled talent for sustainable, innovation-driven growth.
Click to View MoreProtectionism is fragmenting trade and reshaping supply chains, posing risks and opportunities for India. By advancing Atmanirbhar Bharat, diversifying markets, and boosting technology-driven manufacturing, India can balance self-reliance with global integration, securing resilience and leadership in a protectionist world economy.
Click to View MoreIndia's unemployment rate has dropped to 2%, the lowest among G20 nations, indicating the effectiveness of government schemes and economic growth in creating employment opportunities.
Click to View MoreIndia's strategic autonomy, rooted in the Cold War, allows it to make independent decisions based on national interests, balancing relationships with global powers like the US and Russia. By building indigenous capabilities and participating in forums like BRICS and the Quad, India ensures sovereignty and strategic independence in a changing geopolitical landscape.
Click to View MoreIndia and China face a complex trade relationship, with India facing $99.2 billion deficit in FY25. India dependent on China, especially in electronics, machinery, and fertiliser. To manage strategic autonomy, India should provide credit to MSMEs, boost exports, diversify markets, invest in high-tech manufacturing, and balance strategic autonomy with engagement with major powers.
Click to View MoreThe MSME sector is the backbone of the Indian economy, driving employment, innovation, and exports, but faces challenges related to credit access, technology adoption, and skilled workforce, requiring continued government support and focus on digitalization and sustainability for resilient growth.
Click to View MoreChina's increasing export controls pose a threat to India, whose economy depends on China for critical minerals production and rare earth processing. India's response includes diplomatic pressure, diversification of supply chains, strengthening international partnerships, and implementing Atmanirbhar Bharat to reduce import dependence.
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