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Growth of Manufacturing Sector in India since Independence
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Prachi Dubey
Student at Maharashtra National Law University, India
Abstract
During 1990s Economic liberalization opened the nation up to foreign competition. The manufacturing sector opened up, attracting more international investment and advancing technology. With digital transformation being a crucial component of obtaining an advantage in this fiercely competitive sector, technology has presently fostered creative thinking. It is anticipated that increased automation and process-oriented manufacturing will boost efficiency as well as productivity in the nation's manufacturing industry. The manufacturing industry employs about 27.3 million people and contributes 17% of the country's GDP to the Indian economy. The Indian government aims to increase the share of manufacturing in the country's GDP to 25% by 2025 through the implementation of several policies and programs.
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 7, Issue 2, Page 1641 - 1652
DOI: https://doij.org/10.10000/IJLMH.117213Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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