New Delhi, Feb. 12 -- Manufacturing is the engine of growth for India's ambition to become a USD 35 trillion economy by 2047, with reforms, sectoral initiatives, and resilient supply chains, according to an official statement on Thursday.
Recognising this importance, the union Budget 2026-27 has reinforced support for manufacturing through targeted measures on investment incentives, innovation, infrastructure development, and strengthening of the industrial ecosystem.
While global manufacturing output expanded modestly by 0.7 per cent in the third quarter of calendar year 2025, India recorded manufacturing output growth of 1.3 per cent during the same period. This performance reflects the strength of domestic fundamentals and sustained po...