India's Manufacturing Sector

Commerce and Industry Minister Piyush Goyal said India does not have structural excess manufacturing capacity in the sectors identified by the G20 Presidency, asserting that the country's manufacturing capacity serves both domestic and global needs. The US holds the G20 Presidency in 2026. He also said industrial capacity in itself is not the issue; however, distortions can arise where geographical concentration of production is driven by hidden subsidies and support. The minister added that diversification of production and supply chains is a legitimate objective, but it cannot be used as a pretext for measures outside WTO (World Trade Organisation) rules or shifting the burden of adjustment onto developing countries, which must retain policy space to industrialise. "India's manufacturing capacity serves its domestic and global needs and that, in the sectors identified by the G20 Presidency, India does not have structural excess capacity," Goyal said. India shares the concern of

Top export sectors remain vulnerable due to high reliance on imported components

India is moving beyond assembly in several industries, yet gaps in critical components and upstream manufacturing continue to limit domestic value addition

Subsidies can help India build component factories. But can Indian manufacturers match global competitors on cost, scale and efficiency when government support ends? Experts explain

Perhaps the most important development challenge India faces at present is the revival of manufacturing growth and a greater prospect of achieving the 25 per cent target, articulated first in 2012 and

The collaboration will focus on deploying ASML's holistic suite of advanced lithography tools and solutions for the Dholera Fab

Policy must now assume depoliticised global trade is over, with US-led politicisation meaning no country treats globalisation as an end

January manufacturing PMI: The rebound in January came after the seasonally adjusted PMI touched a two-year low of 55.0 in December 2025

Several manufacturing-focused schemes received fresh allocations and enhancements in Budget 2026

New ship repair facilities for river vessels, coastal cargo promotion scheme also announced

Union Budget 2026 outlines a ₹10,000 crore scheme to build a globally competitive container manufacturing industry in India, while also supporting domestic production of construction and infrastructur

From India's role in a changing global order to fertiliser reform, export ambitions and the EV supply chain, today's Best of BS Opinion brings together key editorials and columns.

Rising costs, AI-led disruption and skill gaps challenge manufacturers, prompting industry calls for labour code rollout, digital skilling and stronger logistics support

Kiran Mazumdar-Shaw urges India to achieve 'biotech sovereignty' by 2047, driven by a $330 bn bioeconomy, BioE3 framework, scale exports, a sovereign AI stack, and crucial R&D investment

US tariff cut on Chinese goods renders India's higher production costs unsustainable, threatening the recent surge in iPhone exports

From low workers' wages to suspect GDP to scary rankings for pilot training schools to self-serving protectionism, today's pieces paint a sobering picture of what ails India economy and policy

What matters, however, is the manufacturing environment India is building

India's manufacturing PMI fell to 57.7 in September from 59.3 in August, as US tariffs slowed orders and output, though GST rate cuts lifted business confidence and export demand

India manufacturing PMI hits 17 year high in August to 59.3 from 59.1 in July driven by a rapid expansion in production, shows HSBC survey as compiled by S&P Global

The top ten industries accounted for 71 per cent of the manufacturing GVA in FY24, with a handful - basic metals, motor vehicles, chemicals, food products and pharmaceuticals - dominating