Houses around a temple in Nandagan , Uttar Pradesh
MANUFACTURING IN INDIA : THE STATISTICS
• Many manufacturers including Apple , Amazon , Lenovo , Samsung and Toyota have moved production to India .
• India has many manufacturing hubs , including in Bengaluru , Hyderabad and Gujarat . Bengaluru is known as India ’ s electronics capital , while Hyderabad is a technology epicentre known as “ Cyberabad ”
• India ’ s share of global manufacturing is 2.87 % and , in 2024 , it generated a value of US $ 232.3bn for the sector ( Statista )
• India is the fastest growing economy in the world , ahead of China with a 7 % projected annual growth rate through 2024 ( Harvard University )
• Generated US $ 560bn from manufacturing output in 2023
• From 2008 to 2023 , the Indian economy grew threefold to US $ 3.5tr . The nation has set an ambitious target of US $ 30tn for “ Amrit Kaal ” as independent India turns 100 in 2047 ( Economic Times )