A new growth formula for manufacturing in India

A new growth formula for manufacturing in India

Rajat Dhawan and Suvojoy Sengupta – McKinsey & Company

India’s manufacturing sector could become an engine for economic growth and jobs—if it can specialize. Eleven high-potential value chains could more than double its manufacturing GDP in a few years.

The COVID-19 pandemic has exposed the fragility of the world’s supply chains for medicines and medical products, food, energy, vehicles, telecom
equipment, electronics, and countless other goods. Certain companies have begun to reconfigure their sourcing and manufacturing footprints for greater reliability and resilience, setting up more locations so that they don’t have to depend on just a few geographies. But some nations are not yet ready to take full advantage of these shifts – India stands out as one such country.

Follow the link below for the full McKinsey & Company article highlighting these value chains that could help India take advantage of these and more than double its manufacturing GDP in a few years.

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