Manufacturing sector is expected to be a US$ 1 trillion by 2025. Indian manufacturing sector is often referred to as one of the key contributors to the Indian economy. Manufacturing sector growth depends on the organizational investment plans. Indian manufacturing sector has made significant progress last year, owing to rapid pace of globalization. Currently the sector contributes to around 30% of the total GDP.
Up to 90 million domestic jobs could be generated in the manufacturing sector, with the sector producing about 25–30% of India’s gross domestic product (GDP). It is estimated that India needs to create 7-8 million new jobs each year outside agriculture to stay at its current unemployment level of 7%. Manufacturing jobs are ideal for workers transitioning out of agriculture as service jobs require high level of education and professionalism. The revival of manufacturing sector can create close to 2.5 Million new jobs every year.
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