India’s manufacturing sector (manufacturing sector) is more attractive to investors around the world. A study by S&P Global gave this information on Monday. This study states that India has made progress in making its manufacturing sector more attractive to global investors. According to PTI news, it has also been reported that India will benefit from the long -term changes in the international trade policy.
Additional investment will attract
According to the news, the study of S&P Global India Research Chapter, titled ‘India Forward: Transformative Perspectives’, states that as economies are getting compatible with the dynamics and tariff challenges of the business being developed, India can take advantage of this pace to accelerate manufacturing development and increase the integration of global supply chain. Local sourcing, proximity to final markets and strategic changes towards regional integration will attract additional investment in the region, which will speed up India’s technological advancement and manufacture competition and create additional high-quality jobs in the manufacturing sector.
World’s fastest growing big economy
The study states that beyond the near future, changes in global trade policy will promote supply-chain diversification, which will be beneficial for India. The study said that India has made significant progress in increasing its competition and making its manufacturing sector more attractive to the world’s investors. India remains the fastest growing big economy in the world despite the slowdown in the real GDP growth in FY 2024-25.
India’s growth has moderate dependence on external trade
The S&P global study states that India’s growth has moderate dependence on external trade, which somewhat protects it from the changes in global trade and tariff policies, although it is not untouched by growing trade protectionism. While the manufacturing value is a minor 17.2 percent of the actual GDP (GDP) of the country, the government has implemented targeting policy intervention to build domestic manufacturing capacity and strengthen India’s role in the global supply chain.
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