Can India Become World's Next Factory? Experts See Four Big Hurdles
India is aiming to increase its manufacturing sector's contribution to GDP to 25% by 2035, leveraging global supply chain shifts away from China. Experts identify skill gaps, infrastructure, innovation, and supply chain localization as the primary hurdles to achieving this goal.
Why it matters
India's success in manufacturing could significantly alter global trade dynamics and provide a major boost to its domestic economy.
Show Quick Read Summary is AI-generated, newsroom-reviewed India aims to boost manufacturing from 17% to 25% of GDP by 2035 through policy support Global firms adopting China+1 strategy increasingly prefer India as a manufacturing base Challenges include skill gaps, infrastructure needs, supply-chain localization, and regulatory complexity What steps must India take to bridge the current industrial skills gap? New Delhi: India's ambition to become a global manufacturing powerhouse is no longer just a policy slogan.
The article provides a balanced overview of economic goals and challenges, citing industry experts without ideological framing.
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