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And recent focus on manufacturing. New govt is heavily pushing local manufacturing(atmanirbhar bharat) for last 8 years. Progress is already being felt in some
by mayama 4y ago
And recent focus on manufacturing. New govt is heavily pushing local manufacturing(atmanirbhar bharat) for last 8 years. Progress is already being felt in some areas, for example in smartphone manufacturing India went from nothing to #2 in world in those years. They are now targeting more phone phone supply chains like pcb, modems etc. and other consumer electronics too.
https://tech.hindustantimes.com/tech/news/india-now-2nd-largest-mobile-handset-manufacturer-in-the-world-says-amitabh-kant-71643607326675.html https://tech.hindustantimes.com/tech/news/india-now-2nd-larg...
- spaceman_2020 4y agoTo be fair, despite all these efforts, the manufacturing sector has consistently underperformed the rest of the economy. The share of manufacturing as a % of GDP has been trending down for quite a while. Outside of the headline grabbing numbers (such as the iPhone factory), the reality is different.