Indian Manufacturing Sector Needs 13.1% CAGR for Road to USD 7.5 Trillion by 2047: KPMG Report

India’s manufacturing sector needs 13.1% growth to hit $7.5 trillion by 2047: Report

India's manufacturing sector requires a 13.1 percent annual growth rate to reach USD 7.5 trillion by 2047. This ambitious target is crucial for India's goal of becoming a USD 30 trillion economy. Workforce productivity is identified as the most underleveraged growth lever for the nation. Many companies need operational changes to meet productivity targets and overcome hidden factors. Reimagining work, redesigning organizations, and remodelling t…

Indian manufacturing sector needs 13.1% CAGR for road to USD 7.5 trillion by 2047: KPMG Report

India’s manufacturing sector needs to grow at a 13.1 per cent compound annual growth rate (CAGR) to reach USD 7.5 trillion by 2047, according to a KPMG report. The target is important for India to achieve its broader goal of becoming a USD 30 trillion economy by 2047.

India’s Manufacturing Sector Eyes Massive Growth Towards Dollar 7.5 Trillion by 2047

New Delhi, Sep 4: India’s manufacturing sector is set for a major transformation in the coming decades, with the potential to become a key driver of the country’s long-term economic growth and job creation. According [...]