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Manufacturing Industry in India - Analysis of Growth, Trends and Forecast (2020 - 2025)

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India is well recognized manufacturing hub in the world because of its low cost production. Cheap labor, easy availability and low cost of raw materials and weak currency are the factors that are driving manufacturing Industry. India is 7th largest producer of Automobiles in the world with an average annual production of 23.36 Million vehicles and is expected to become 3rd largest automotive market by volume, by 2016. Automobile accounts to 7.1% of the country’s GDP by volume. As expected by Mordor Intelligence, more than Six Million vehicles will be sold annually in India, by 2020. Automobile component industry reached a mammoth US$ 41 billion in FY 2014-15 and is expected to reach US$ 110.7 billion by 2020. Growing working population and expanding middle class are the main drivers for the growth of automobile and automobile components industry in India.

Make in India initiative have boosted the manufacturing industry in India and as a result we will witness a marvelous growth in manufacturing industry of the country.

Manufacturing sector in India contributes to 2% of GDP in 2012-13, which is declined from 2.3% of 2009-10, 3% of 1999-2000 and 3.4% of 1992-93. India produces around 88 types of minerals including 4 fuel minerals, 10 metallic, 47 non-metallic, 3 atomic and 24 minor minerals.

The reason for the low contribution of Manufacturing to Indian economy is its underdeveloped nature. Despite the underdeveloped nature of its Manufacturing sector India is one of the largest biggest producer of Automobile, Plastic and Textile. These statistics would improve even further when foreign investments start coming in which at present are quite low. To put things in perspective India holds a percent of the world’s population and a massive 20% of the total minerals in the world. But becoming self-sufficient is a very small achievement for a country which possesses such massive mineral deposits and labor force. This sector presents a golden opportunity for companies around the world. The Manufacturing industry in India is expected to grow at a CAGR of XX.XX% till 2020.

What the report offers

The study elucidates the situation of India and predicts the growth of its Manufacturing industry. Report talks about growth, market trends, progress, challenges, opportunities, government regulations, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Manufacturing Sector of India. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various types of Minerals and Metals available in the country.

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