Now Reading: NITI Aayog report picks 12 sectors for manufacturing push
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NITI Aayog report picks 12 sectors for manufacturing push
NITI Aayog and Crisil Intelligence have released a report identifying twelve sectors where India can aim for global manufacturing leadership. These include electronics, telecom equipment, solar PV, pharmaceuticals, chemicals, automobiles, defence and…
The Story in Brief
NITI Aayog and Crisil Intelligence have released a report identifying twelve sectors where India can aim for global manufacturing leadership. These include electronics, telecom equipment, solar PV, pharmaceuticals, chemicals, automobiles, defence and drones, steel, capital goods, textiles, food processing, and leather and footwear. The report uses a relative-attractiveness methodology to shortlist from 62 sectors. It notes India's manufacturing value added share rose from 1.5% to 3.2% between 1995 and 2023, while China's jumped from 5% to 32%. The roadmap calls for moving up the value chain and deeper global integration.
The Indian Opinion
The report is sobering: India's manufacturing share has been stagnant at 17% for two decades while China raced ahead. The 12-sector list is sensible but omits hard questions about land, labour, and power costs that deter investors. Will the government now cut red tape and offer sustained incentives, not just schemes that change every year? The real test is whether these sectors can actually create jobs for India's young workforce, not just produce more reports.
Source: niti.gov.in
This story was synthesised by AI from the source linked above.
