The share of value addition by manufacturing sector is 15.9% in 2023-24 compared to 16.7% of GDP (in constant price) in 2013-14. The target of the government is to achieve 25% manufacturing share in GDP by 2030. It will take some time to build momentum, says DPIIT secretary Amardeep Singh Bhatia while addressing the media.
"In many places, the bottlenecks are not just of investment but also of technology. Investment should bring technology, build capacity and skills, and when all these come together the momentum is built," said Bhatia when asked about the failure of the Make in India to increase the share of manufacturing in GDP. The DPIIT secretary said the focus of the government is to bring in technology along with investments under the Make in India programme.
This story is from the September 26, 2024 edition of The Morning Standard.
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This story is from the September 26, 2024 edition of The Morning Standard.
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