CNBC's Inside India newsletter: What ails India's manufacturing?
Publishing timestamp: 2025-03-27 12:50:00
Summary
In 2020, the Indian government launched a production-linked incentive scheme to boost manufacturing in the country. However, the scheme has fallen short of its goals, with manufacturing's share of GDP dropping. Despite challenges, India still has potential in the manufacturing sector due to its young population and favorable demographics. The country is also looking to cut tariffs on U.S. imports to protect its exports. Experts suggest that India needs to focus on decarbonizing its energy sector and implement new valuation frameworks for market performance.
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Source: https://www.cnbc.com/2025/03/27/what-ails-indias-manufacturing-.html