Collaboration Between Automotive And IT Sectors Is Needed To Localise Indian Software Solutions

The article, acknowledging the progress that has been seen through Make in India, lays down the hurdles present in the Indian manufacturing sector, and charts a path to overcome these challenges while capitalising on the country’s advantages in the current scenario.

India is a developing economy and is a promising hub for new-age industries and sectors. At the time of independence, the Indian

economy was marked by a weak industrial base and underdeveloped infrastructure. The structure of ownership was highly concentrated, and the manufacturing industry was highly dependent on imports. The industry was also marred by a short supply of technical and managerial skills. The development of India into a modern industrialised country was a slow and continuing process, made possible due to great vision, resilience, evolution, and unyielding potential.

From the inception of India’s manufacturing landscape to the current times, the nation has been a strong symbol of growth and has carved a niche as a strong contender in the global market.

MANUFACTURING INDUSTRY SCENARIO

During the post-independence period, manufacturing became the foundation of India’s development. It was the basis for textiles, iron, steel, and automotive, leading to an era of self-sufficiency and economic growth. Over the years, manufacturing has witnessed a massive transformation with industrial diversification and technological improvements.

Currently, India is a fast-emerging manufacturing powerhouse, with sectors like automotive, healthcare, pharma, electronics, and aerospace surging ahead. The evolution of the ecosystem, thanks to the integration of innovation and modernisation, has ensured steady growth and global attention for the country. The Indian manufacturing sector is all set to boost the world economy by more than 500 billion dollars a year by 2030.