​Chapter 10: Industry - Small and Medium Matters

  • Economic growth of 8.2 per cent in FY24 was supported by an industrial growth rate of 9.5 per cent.
  • Despite disruptions on many fronts, the manufacturing sector achieved an average annual growth rate of 5.2 per cent in the last decade with the major growth drivers being chemicals, wood products and furniture, transport equipment, pharmaceuticals, machinery, and equipment.
  • Accelerated coal production over the past five years has helped in reducing import dependence.
  • India’s pharmaceutical market stands as world's third largest by volume with the valuation of USD 50 billion.
  • India is the world's second-largest clothing manufacturer and one of the top five exporting nations.
  • India's ....
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