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What ails Indian manufacturing? Industry captains speak their minds

The manufacturing sector has been languishing long before coronavirus, despite the intended push from Make-in-India; Business Standard attempts to find out why

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9 min read Last Updated : Oct 28 2020 | 10:10 PM IST

What was the thrust of his argument when Reliance Industries chairman Mukesh Ambani recently said that India needs to rethink and reinvent manufacturing? Perhaps the sector's journey the past six years will provide some insight.

The Make-in-India programme launched by the Modi government in September 2014 aimed to raise the share of manufacturing in GDP to 25 per cent in 2022, from around 16 per cent at that time. However, the share crashed to 11.83 per cent in the first quarter of 2020-21.

Manufacturing contracted by a sharp 41.1 per cent in net sales during the quarter, according to information

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