Economic 360 for India: Growth Prospects and Emerging Opportunities in the Manufacturing Industry

Industrial production in India is divided into basic, capital, intermediate, consumer goods, and consumer non-durable goods industries. Manufacturing growth has been led by the automotive, machinery, textile, chemicals and metals industries. NMIZs have been set up to augment the industry by increasing the contribution of manufacturing to 25.0 percent of GDP by 2022. While industries such as textiles and automobiles are well established, electronics, pharmaceutical equipment are showing promise. The small car segment is likely to boom in the study period. Development of food parks and entry of new suppliers are likely to create immense opportunity for the food industry.