Europe Garage Doors Market Size to Reach Revenues of USD 2 87 Billion by 2026 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Manufacturing for the world - A bold Budget adds to the momentum
SECTIONS
Last Updated: Feb 17, 2021, 05:57 PM IST
Share
Synopsis
While Make in India 1.0 was instrumental in furthering the evolution of manufacturing in India, Make in India 2.0 is expected to increase its momentum.
ThinkStock Photos
Beset by problems of low productivity and the availability of cheaper import substitutes, the manufacturing sector s share in India s GDP has remained range bound for the past 20 years. Though India has moved up in the World Trade Organisation s rankings of leading exporters in world merchandise trade, its share in global exports has been hovering around 1.5 per cent mark since 2010. Despite this apparent stagnancy, the years following the launch of Make in India 1.0 have seen some notable developments. The program, whose core objective has been to bolster manufacturing capabilities by promoting exports, has been a vital reason behind the commendable growth in India s electronics m