India has made notable progress in improving its competitiveness and making its manufacturing sector more appealing to global investors, according to a report by S&P Global. Although manufacturing value added accounts for a modest 17.2 percent of the country’s real gross domestic product (GDP), the government has introduced targeted policy measures aimed at building domestic manufacturing capacity and strengthening India’s position in global supply chains. In the long term, India stands to benefit from rising global trade protectionism, which could accelerate supply chain diversification, the report noted. India is well-positioned to seize emerging opportunities as global trade and cooperation continue to evolve. Over the past three decades, the country has grown significantly in size, scale, and international influence, and it is on track to become the world’s third-largest economy by fiscal year 2030–31 (ICE NEW DELHI)

Fonte notizia: The Business Standard