Manufacturing is one of the core industries of all industries, every company needs some infrastructure, tools, machinery, computers, etc. For those things, we need to manufacture them, like this only the manufacturing industry made up.
It is one of the fast-growing industries in India right now. Prime Minister Of India, Mr. Narendra Modi launched the ‘Make In India’ program to place India on the world map as a manufacturing hub and give global recognition to the Indian economy. The government aims to create 100 million jobs in the sector by the year of 2022.
The manufacturing sector is worth of 397.14billion USD by the year of 2020 and the growth will be expected of 1 trillion USD by the year of 2025 with the implementation of Goods and Services Tax (GST) will make India a common market with a GDP of USD 2.5trillion. Most of the foreign investments are coming to India in recent years and due to the effect of a pandemic, domestic manufacturing is increased.