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Capital goods sector can add up to Rs 50,000 cr to GDP: Study

Make in India campaign and trends in key end-use sectors have created multiple growth opportunities for capital goods players, says a FICCI- McKinsey report

Capital goods sector can add up to Rs 50,000 cr to GDP: Study

With conducive government policies and strategic approach (adopted by domestic manufacturers), capital goods sector can add up to Rs 50,000 crores to India’s GDP, according to a new report of FICCI and McKinsey & Company. The report, released during ‘World of Industry’ (WIN) India conference in Mumbai, mentions that though the demand for capital goods in the country has grown by almost two-and-a-half times over the last decade to Rs 3.7 lakh crore in 2015, sectors’ contribution to India’s GDP is 0.6 percent as compared to 4.1 percent for China, 3.4 ...