Manufacturing in India needs reforms without caveats

Manufacturing has emerged as one of the high-growth sectors in India. And has been consistently contributing to the GDP and employing almost 20 percent of India’s workforce. Merchandise exports from select industries (including engineering, petroleum products, gems and jewellery, pharmaceuticals and chemicals) stood at USD 106.06 billion between April 2021 and August 2021.

In recent years manufacturing has got a special push via ambitious campaigns like the ‘Make in India’ program to take India on the world map as a manufacturing hub and give worldwide credit to the Indian economy.

Please click here to read the full article by Nitin Potdar and Jashan Merchant published in CNBC TV 18.