INDIA'S MANUFACTURING SURGE: A GAME CHANGER IN GLOBAL TRADE

At the Bharat Calling Conference, industry leaders discussed India's manufacturing growth, highlighting policy reforms, global shifts, and MSME contributions in a panel organised by the Indian Merchant Chambers

- By Amit Shanbaug

India is fast emerging as a major force in global manufacturing, with companies like Apple producing nearly 14% of their iPhones in the country. This shift reflects a broader trend of global corporations diversifying their manufacturing bases beyond China, setting the stage for India's industrial expansion.

SCALING UP: A MACROECONOMIC VIEW

Avinash Gupta, Managing Director and CEO of Dun & Bradstreet India, provided a macroeconomic perspective on India's manufacturing space.

He emphasised the importance of large-scale manufacturing investments, particularly in Maharashtra, which aims to become a trillion-dollar economy. “Scaling up manufacturing’s contribution from the current 14% of GDP to 25% will require significant FDI inflows, robust infrastructure, and policy consistency,” he added.

CHINA PLUS ONE: INDIA’S STRATEGIC ADVANTAGE

The China Plus One strategy, adopted by multinational corporations to reduce reliance on China, has positioned India as a viable alternative.