Today, India is one of the most favoured investment destinations in the world. Powered by innovation, digitisation, automation, increasing investment, and policy reforms to enable ease of doing business, India is set to emerge as the global manufacturing hub in the post-Covid world.
In this episode, we take a look at the Manufacturing sector that has been one of the high growth sectors in India and also a major focus area of the Union government. With schemes like Make in India and Performance Linked Incentive, the government is aiming not just to boost domestic productivity to make India Atmanirbhar, but also to strengthen India’s position in the global supply chain. The reforms have improved the job markets, ease of doing business, instilled investors’ confidence in the Indian economy, and significantly increased output. The government’s role has been changed from an authority to being a co-operating business partner.
As a result, there has been a substantial rise in FDI in sectors such as Pharmaceuticals, Medical devices, Defence, and Automobiles. India is, currently, one of the top 3 Greenfield FDI destinations in the world, with top global companies setting up operations here. Riding on reforms, India climbed to 63rd rank on World Bank’s Ease of Doing Business Index, a massive improvement from 2014 when India stood at 142nd rank. With increasing investment, world class production, entrepreneurship and innovation, India is ready to emerge as the world leader in manufacturing.
Anchor: Amitabh Kant
Producer: Ritika Srivastava
Video Editor: Sheetal Koul
Graphics: Mayank Nautiyal, Amrit Kaur
Guest Coordinator: Vishwa Pratap Singh
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