India, Jan. 31 -- India's vast manufacturing industry, which contributes around 17% of the nation's GDP, is expecting the central government to make some important announcements to boost the renewable energy sector, micro, small and medium enterprises (MSMEs), semiconductor and electronics manufacturing industry, and towards the allocation of various production-linked incentive (PLI) schemes in the Union Budget 2025-26.

The Indian government has increased its bets in the country's vast manufacturing industry in the recent past, which also aligns with the recent geopolitical shift towards the 'China+1' strategy.

During the Union Budget 2024-25 in July last year, finance minister Nirmala Sitharaman made hoards of announcements for the man...