Industry

Objectives

  • Double the current growth rate of the manufacturing sector by 2022.
  • Promote in a planned manner the adoption of the latest technology advancements, referred to as ‘Industry 4.0’, that will have a defining role in shaping the manufacturing sector in 2022.

Current Situation

  • India is the fifth largest manufacturer in the world.
  • The government has taken several initiatives to promote manufacturing. Among these are the Make in India Action Plan aimed at increasing the manufacturing sector’s contribution to 25 per cent of GDP by 2020, the Start-up India initiative to promote entrepreneurship and nurture innovation, and the Micro Units Development and Refinance Agency ....

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