Skip to main content

India is becoming the world's third manufacturing hub

Seizing all necessary opportunities for India to become a major global manufacturing hub is a key factor in achieving this growth.
 
India is becoming the world's third manufacturing hub
India development.

Can India become the new global manufacturing hub What are the challenges?


According to S&P Global Ratings in its latest report, India will become the third largest economy in the world. Accordingly, India's GDP as of 2022 is $3.5 trillion. This is expected to rise to $7.3 trillion by 2030.

Due to this rapid growth, India will overtake Japan as the third largest economy in the world in the next 7 years.

India's growing middle-class population is fueling domestic demand. Due to this, companies in various sectors are interested in investing in India. Also, India's strong digital infrastructure will help boost productivity.

To achieve India becoming the third largest economy in the world, the following tasks need to be done in the next few years:

To increase productivity, technological development and research and development activities should be carried out.

Strengthen domestic supply chains.

India's share in international trade should be increased.
India will become the world's third largest economy by 2030 by exploiting all the necessary opportunities to become a major global manufacturing hub, according to 'S&B Global Ratings.,
A strong logistics infrastructure will play a key role in transitioning from a services-dominant economy to a manufacturing-dominant one, it said.

The Government of India and the private sector should cooperate to complete these tasks.

Comments

Popular posts from this blog

Today gold price April 2025

Today gold rate status in tamilnadu, 22 carat gold is a type of gold alloy that is 91.67% pure gold. The remaining 8.33% is made up of other metals, such as copper, silver, or zinc. This makes 22 carat gold more durable than 24 carat gold, which is 99.99% pure gold. 22 carat gold is also more affordable than 24 carat gold.  Today's Gold Silver price Updated on 05th April 2025 What is the rate of 1 gram gold in Tamil Nadu Today gold silver price 22/24 carat 22ct 1 gm ₹8,310/110⬇️ 24ct 10 gm ₹91,600/1400⏬ 1 gm silver103,00/R5⬇️ 1kg Bar silver ₹90,700 /5300 ⏬ Trading gold silver market live USDINR Rates by TradingView GOLD Quotes by TradingView SILVER Quotes by TradingView The purity of gold is measured in carats, with 24 c...

This gold price is not permanent.

This gold price is not permanent, but when people think of a problem in the country, they buy gold first. It is good to buy as much as needed, but buying too much is foolish. When there is a famine, the things they buy are food, clothing, and money. If we don't have money, it is difficult to sell gold for urgent needs. Gold price Gold market crash history   Will there ever be a situation where gold , which has been rising very, very rapidly in a short period of time, will become a commodity? Studies on gold say that it may come. If we look at the price of gold over the past 50 years, rather than just 10 or 20 years, it seems that what you are saying has happened. That is, in September 1980, the price of 1 ounce of gold touched $666. 19 years later, in September 1999, the same 1 ounce of gold was sold for $255. A 62 percent decline. An ounce did not touch $666 again until 2007. That is, 27 years later. Next, in 2012, 1 ounce of gold touched $1,772. But, in just three ye...

FADF monitors the Indian jewelery industry

FATF says India's jewelery industry needs to be monitored,     Risks being used to finance terrorism  NEW DELHI, France-based financial watchdog FATF has warned that high-volume transactions in India's gems and jewelery sector are likely to be used as tools for money laundering and terrorist financing. In this regard, the organization's statement said As the trade in navarat gems and gold jewelery has grown in India, there is a risk of their smuggling and black money transactions also increasing. Removal of ban on gold loan to IIFL Mumbai, 'I.I.F. RBI has removed restrictions imposed on the gold loan business of L. Finance, the company said.  I.I. F. RBI had imposed restrictions on the gold loan business of L. Finance Company on March 4. They have now been withdrawn, the company said in the stock exchange. Through this, the company has been allowed to engage in gold loan business again. monitoring In this sector, there are about 1.75 lakh distrib...