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2024

How FM Sitharaman can draw the roadmap for India's manufacturing growth in sunrise sectors in Budget

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India's manufacturing sector is poised for robust growth, targeting a 9.1% CAGR over five years to elevate its GDP share to 20%. Key drivers include strategic reforms, Production-Linked Incentives (PLI), and improved logistics efficiency. The focus on sunrise sectors like solar PV and semiconductors, backed by substantial private sector investments, aims to enhance competitiveness and reduce import reliance amidst global supply chain shifts.