India's manufacturing sector stands as pillar of self-reliance, progress: Government data
The government in its latest data report has showed that India’s manufacturing sector stands as a pillar of self-reliance and progress, now contributing about 16-17 percent of GDP and providing employment to over 27 million workers. Further, the compounded annual growth rate (CAGR) of Manufacturing GVA at constant prices (2022-23 base) as per the revised series during 2022-23 to 2025-26 is 10.88%.
The report also stated that over the past 12 years, bold reforms under the Make in India vision have reshaped industries, positioning the country as a global hub. Defence equipment, textiles, pharmaceuticals, medical devices, and heavy machinery are now produced at world-class standards, serving both domestic and international markets. To further accelerate this momentum, the Government has introduced several initiatives like the Production Linked Incentive (PLI) scheme, PM GatiShakti, the National Logistics Policy, BHAVYA, and programmes for the electronics and MSME sectors.
While highlighting improving manufacturing across various sectors such as defence, electronics, semiconductor, mobile, pharma and textile, it said that India's manufacturing sector today reflects steady progress, deepening capability and growing confidence across industry. Sustained policy support and rising private participation continue to strengthen this foundation year after year. As new capacities mature, the sector is well placed to expand its global role. The coming years promise wider opportunity, greater value creation and a stronger self-reliant economy
