This report examine these questions in the context of the major forces that are shaping global and Indian manufacturing industries. The report sets out an aspiration for the Indian manufacturing industry for 2025, a stretch but achievable target. It then examines the various constraints which could potentially hold back the Indian manufacturing sector and also the different levers which are critical to achieve the aspirational growth for the sector.
While the intent of the report is Not to develop detailed policy recommendations to be presented to the government, we do identify and contextualise four key policy themes which we believe are critical in meeting the aspirations set forth in the report.
This report’s articulation of the aspirations, potential roadblocks, opportunities and imperatives for India’s manufacturing sector should provide the context to guide future discussions among all stakeholders to maximize the potential of this sector.