Thread: First National Manufacturing Policy Of India

Indian Government is going to finalize National Manufacturing Policy, this policy aims in increasing manufacturing share in India's gross domestic products to over 25% by year 2022, from recent level of around 16%. Over 100 million Indians would be joining this workforce in recent yeas.

This is really a good move from the governments end. India faces the crisis of manufacturers, especially the small scale manufacturers like those in countries like USA, and China where manufacturers contribute a lot to the country's economy. India would surely get a good boost in the growing economy with this policy.

I think the SMEs would have the stronghold in country like India. Example can be taken from China which is leading the world economy. China has its strength coming from Small-Medium Enterprises which are large in number. This would also help in reducing the unemployment in rural as well as urban areas which is quite high in India.