India’s manufacturing industry could touch US$ 1 trillion by 2025.The rising demand in the country and the penchant for establishing low-cost plants in India by multinational companies (MNCs) are two reasons for this possible development. Up to 90 million domestic jobs could be generated by that time, with the sector producing about 25–30 per cent of India’s gross domestic product (GDP). The country’s rapidly expanding economy gives both domestic entrepreneurs and international players opportunities to invest and grow.
India’s manufacturing sector is vital for its economic progress. The government has realised the importance of this sector to the country’s industrial development, and has taken a number of steps to further enhance the industry.
The number of Industries in India have increased manifold in the last few years. The numerous Indian Industries are growing in stature and gaining more importance as days pass by. Though the main occupation has been agriculture for the bulk of the Indian population, recently India is moving towards rapid industrialization with its different sectors like the Iron & Steel Industries in India, IT Industries in India, Food and Beverage Industries in India, Indian Travel & Tourism Industries, Business Process Outsourcing.
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