According to a report titled “Key Sectors to Position India as a Global Manufacturing Hub” released by NITI Aayog, which provides a data-driven assessment of the manufacturing sector in India, 12 manufacturing sectors have been identified to accelerate the transition of India into a global manufacturing hub.
Among the 12 key sectors, four high-potential sectors identified to drive manufacturing growth and strengthen the position of India in global value chains are chemicals, textiles, telecom and networking equipment, and solar photovoltaic (PV) manufacturing. The study conducted for the report followed a 4-phase methodology.