New Delhi, Jan. 31 -- India's contribution to global manufacturing is currently only a tenth of China's, but the gap is narrowing, NDTV Profit reported, citing the Economic Survey 2024-25.

India holds a 2.8% share, while China's share is much larger at 28.8%, which presents major opportunities for India to increase its industrial sector's contribution to GDP, especially when compared to other nations.

Despite this, there are encouraging signals for India's manufacturing sector.

The country's industrial growth for fiscal 2025 is projected to exceed the five-year average.

However, in the September quarter, growth slowed to 3.6%, attributed to three main factors: a sharp drop in manufacturing exports, an unpredictable monsoon season, and...