Manufacturing likely to contribute over 25% to India`s GDP: NITI Aayog
NITI Aayog's Frontier Tech Hub has unveiled a roadmap for making India a global leader in advanced manufacturing. With targeted interventions, the roadmap estimates manufacturing to contribute over 25% to India's GDP, creating more than 100 million jobs, and positioning India among the top three global hubs for advanced manufacturing by 2035.
The road map is developed in collaboration with CII and Deloitte with guidance from an expert council of industry leaders. Further, it lays out a sector-focused path to harness frontier technologies and elevate India's manufacturing competitiveness. Besides, the roadmap emphasizes Artificial Intelligence and Machine Learning, Advanced Materials, Digital Twins and Robotics as high-impact enablers and maps their implications across 13 priority manufacturing sectors.
To address current barriers limiting India's manufacturing competitiveness, it has suggested coordinated strengthening of R&D ecosystems, industrial infrastructure, workforce development, and scaled deployment of frontier technologies in sector-specific ways through a 10-year strategic roadmap detailing out comprehensive interventions.
However, if India fails to adopt key frontier technologies in high impact sectors, the NITI Aayog has cautioned that the country will risk a historic window of opportunity and this could lead to a potential loss of $270 billion by 2035 and $1 trillion by 2047 in additional manufacturing GDP.
