J P Chawla & Co. LLP

FinePrint Vol. 9

India aims to become a $35 trillion economy, with manufacturing as a key driver. The sector, vital for economic growth, job creation, and GDP enhancement, saw robust growth from 2006-2012 but slowed due to regulatory issues. The 2014 “Make in India” initiative revived it, increasing FDI by 55% and boosting manufacturing’s GDP share to 17% by 2023. Additionally, India is promoting semiconductor and electronics manufacturing, drawing interest from over 60 Malaysian companies to develop a sustainable ecosystem.

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