Historical chart and dataset showing India manufacturing output by year from 1960 to 2023.

Manufacturing Production in India increased 3.90 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - India Manufacturing Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, India's manufacturing sector's GDP share was around ** percent. The share remained the same as compared to the last year and declined from ** percent in 2010. Value added is the net output of the manufacturing sector after adding all outputs and subtracting intermediate inputs. The manufacturing sector employs over ** million workers. Boosting manufacturing As global economies aim to reduce reliance on China or adopt a China-plus strategy, India has emerged as a potent alternative manufacturing hub. The Make in India initiative was launched to foster and strengthen India’s global manufacturing status by enhancing foreign direct investments, skill development, and updating manufacturing infrastructure. Under the Production Linked Incentive (PLI) Scheme, companies are incentivized to promote domestic production and enhance manufacturing competitiveness. Despite efforts, experts expressed doubts about the government’s ambition to raise the share of manufacturing to GDP to ** percent by 2025.
Hurdles for manufacturing As per the World Bank, India’s share in global trade has not kept pace with its rapidly growing economy. It is losing ground to countries like Bangladesh and Vietnam in key low-cost and low-skill manufacturing export sectors. Manufacturing productivity in India has remained low. and the availability of capital also remains an obstacle for the manufacturing sector. Inadequate investments in technology, infrastructure, and research and development (R&D) can also impact productivity growth. Other factors include regulatory compliance burdens, complex labor laws, red tape, and inefficient supply chains.

Industrial Production in India increased 1.50 percent in June of 2025 over the same month in the previous year. This dataset provides - India Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Indian manufacturing sector, valued at $310.30 million in 2025, is poised for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 9.11% from 2025 to 2033. This expansion is fueled by several key drivers. Government initiatives promoting "Make in India" are attracting significant foreign direct investment and stimulating domestic production. Rising disposable incomes and a burgeoning middle class are driving increased demand for consumer goods, particularly in the automotive, consumer electronics, and food and beverage sectors. Furthermore, India's strategic location and relatively low labor costs compared to other manufacturing hubs make it an increasingly attractive destination for global manufacturers. The sector is segmented by ownership (public, private, joint, cooperative), raw materials used (agro-based, mineral-based), and end-user industries (automotive, manufacturing, textile, consumer electronics, construction, food & beverage, others). Leading players such as Tata Motors, Mahindra & Mahindra, Ashok Leyland, Hindustan Unilever, and others contribute significantly to the market's dynamism. However, challenges remain, including infrastructure bottlenecks, skill gaps in the workforce, and navigating complex regulatory environments. Overcoming these hurdles will be crucial to fully realizing the sector's growth potential. Despite challenges, the forecast for the Indian manufacturing sector is optimistic. Continued growth in key end-user industries like automotive and consumer electronics, coupled with government support for infrastructure development and skill enhancement programs, will likely accelerate the market expansion. The diversification of the manufacturing base beyond traditional sectors, embracing technological advancements, and focusing on sustainable practices will play a critical role in the sector’s long-term success. The presence of established multinational corporations alongside a vibrant domestic industry ensures a competitive and dynamic marketplace, positioning India as a significant manufacturing powerhouse in the coming years. Recent developments include: January 2023: Sundram Fasteners, an auto component manufacturer, won the biggest EV contract in its 60-year history. The Chennai-based company was awarded a USD 250 million contract by a leading global automobile manufacturer to supply sub-assemblies for its electric vehicle (EV) platform. The company estimates an annual sales peak of USD 52 million in 2026 with a supply of 1.5 million drive unit sub-assemblies per annum.January 2023: Tata Motors (an Indian multinational automotive manufacturing company) announced plans to set up plants in India and Europe to produce battery cells for electric vehicles. The company dominates the country's EV market, with total sales of 50,000 electric cars to date. It outlined plans to launch 10 electric models by March 2026.. Key drivers for this market are: The government has introduced several initiatives under the banner of "Make in India", India boasts a sizable pool of skilled labor, facilitating the establishment of manufacturing facilities for companies in various sectors. Potential restraints include: The government has introduced several initiatives under the banner of "Make in India", India boasts a sizable pool of skilled labor, facilitating the establishment of manufacturing facilities for companies in various sectors. Notable trends are: Growing Government Spending is Expected to Boost the Market’s Growth.

India's manufacturing sector witnessed a decline of over ***** percent in fiscal year 2021. This resulted from the economic slowdown from the impact of the COVID-19 pandemic. Manufacturing accounted for about **** percent of the country's GVA in fiscal year 2021.

The annual growth rate for industrial production in India recovered and registered a growth rate of over **** percent in the financial year 2023. The IIP growth rate is expected to increase to nearly *** percent in 2024.

Manufacturing, value added (annual % growth) in India was reported at 4.2906 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Manufacturing, value added (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for India (INDPROMANAISMEI) from 1995 to 2023 about India, production, and manufacturing.

Manufacturing, value added (% of GDP) in India was reported at 12.53 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Manufacturing, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In March 2020, the index of industrial production in manufacturing in India decreased by ***** percent. This was a drastic decline from the previous month, which had a growth rate of *** percent. The sudden decrease could be attributed to the COVID-19 pandemic.

The smart manufacturing market is experiencing robust growth, projected to reach $24.83 billion in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) of 16.83% from 2025 to 2033. This expansion is driven by the increasing adoption of Industry 4.0 technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML), across various industrial sectors. These technologies enable enhanced automation, improved efficiency, optimized production processes, and real-time data-driven decision-making, leading to significant cost reductions and increased productivity. The process industry, a major segment, benefits significantly from predictive maintenance capabilities offered by smart manufacturing solutions, reducing downtime and improving operational reliability. Furthermore, the rising demand for advanced human-machine interfaces (HMIs) and manufacturing execution systems (MES) is fueling market growth. North America and Europe currently hold substantial market shares, driven by early adoption of advanced technologies and established manufacturing bases. However, the Asia-Pacific region, particularly China and India, is witnessing rapid growth, fueled by industrialization and government initiatives promoting digital transformation. Several factors restrain market expansion, including high initial investment costs associated with implementing smart manufacturing solutions, cybersecurity concerns related to interconnected systems, and the need for skilled workforce training to effectively manage and maintain these complex technologies. However, the long-term benefits of improved efficiency, reduced operational costs, and enhanced product quality outweigh these challenges. The market is highly competitive, with major players like ABB, Siemens, Rockwell Automation, and others vying for market share through strategic partnerships, acquisitions, and continuous innovation. Future growth will be significantly influenced by the ongoing advancements in AI, cloud computing, and edge computing technologies, allowing for even greater levels of automation, data analysis, and predictive capabilities within the manufacturing sector. The continued integration of these technologies across various industry segments will be pivotal in driving the sustained growth of the smart manufacturing market over the coming decade.

Graph and download economic data for Production: Manufacturing: Total Manufacturing for India (PRMNTO01INQ657S) from Q3 1994 to Q1 2025 about India, IP, and manufacturing.

In financial year 2019, the labor productivity growth of the manufacturing sector in India was **** percent. In the last six fiscal years, 2014 witnessed a minimum growth of *** percent while the maximum of **** percent was seen in 2016. The growth rate remained the same for two consecutive years of 2017 and 2018 at *** percent.

Industrial Production, constant US$ in India was reported at 785736135317 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Industrial Production, constant US$ - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

The Indian steel fabrication industry is experiencing robust growth, driven by significant investments in infrastructure development, particularly in construction, power, and energy sectors. The industry's Compound Annual Growth Rate (CAGR) of 8.71% from 2019 to 2024 indicates a strong upward trajectory. This growth is fueled by increasing urbanization, industrialization, and government initiatives promoting infrastructure development. The market is segmented by end-user industry (manufacturing, power & energy, construction, oil & gas, others) and product type (heavy sectional steel, light sectional steel, others). While precise market size data for India isn't provided, considering the global market size and India's significant economic growth, a reasonable estimate for the Indian market size in 2025 could be in the range of $5-7 billion USD. The growth is further supported by increasing demand for high-quality steel products in various sectors, necessitating advanced fabrication techniques. However, challenges remain, including fluctuating raw material prices, competition from imports, and the need for skilled labor. The rising adoption of automation and technological advancements such as 3D printing and laser cutting technologies are key trends reshaping the industry, promising increased efficiency and precision. Companies such as Bharat Process & Mechanical Engineers Limited, Onshore Construction Company Private Limited, and others are key players contributing to the market's dynamic landscape. The forecast period from 2025 to 2033 projects continued expansion, driven by sustained infrastructure projects and industrial growth. The future outlook for the Indian steel fabrication industry is positive, driven by consistent government support for infrastructure development and a growing manufacturing sector. However, companies need to strategically manage fluctuating raw material costs and invest in technological upgrades to maintain competitiveness. The industry's ability to adapt to evolving construction techniques and integrate sustainable practices will significantly influence its long-term success. Furthermore, fostering skilled labor and addressing supply chain challenges will be crucial to realizing the industry's full growth potential. The geographical distribution of the market is likely skewed towards regions with concentrated industrial and infrastructural activity, with states like Maharashtra, Gujarat, and Tamil Nadu potentially holding significant market share. The expansion of manufacturing and infrastructure into newer regions will be key to broader market penetration. Recent developments include: April 2023: AM Mining, a joint venture between Arcelor Mittal Luxembourg and Nippon Steel Corporation, Japan to acquire Indian Steel Corpn for INR 897 crore. The acquisition of Indian Steel Corporation will likely enhance downstream capabilities and broaden its product portfolio as the company looks to capitalize on market opportunities presented by the steel industry, especially in high-value-added steel production besides capturing synergies across downstream operations., November 2022: AM Mining India completed the acquisition of Uttam Galva Steels. AM Mining India is a joint venture between ArcelorMittal and Nippon Steel. ArcelorMittal is a world-leading steel and mining company based in Luxembourg. Japan's Nippon Steel, on the other hand, is one of the world's leading integrated steel producers.. Key drivers for this market are: Rising Demand for Pre-engineered Buildings and Components, Increasing Number of Manufacturing Plants and Infrastructure Development Activities in India. Potential restraints include: Rising Demand for Pre-engineered Buildings and Components, Increasing Number of Manufacturing Plants and Infrastructure Development Activities in India. Notable trends are: Rising Demand for Pre-engineered Buildings and Components.

Technological advancements in the India Manufacturing Sector industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.

India Manufacturing Sector Market valued at USD 1.6 trillion, driven by Make in India, FDI, and demand in automotive and electronics. Expected growth with PLI scheme and tech advancements.

Manufacturing Data Analytics Market Outlook

The global manufacturing data analytics market size is estimated to reach USD 7.5 billion in 2023 and is projected to grow to USD 19.3 billion by 2032, at a compound annual growth rate (CAGR) of 11.4% during the forecast period. This growth is driven by the increasing demand for actionable insights to optimize production processes, enhance supply chain efficiency, and improve product quality.

The primary growth factor for the manufacturing data analytics market is the rising adoption of Industry 4.0 and smart manufacturing practices. Manufacturers are increasingly leveraging data analytics to gain real-time insights into their operations, reducing downtimes, and streamlining workflows. The advent of the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) has revolutionized data collection and processing, providing manufacturers with powerful tools to predict machine failures, manage quality, and optimize supply chains. These technologies enable predictive maintenance, leading to significant cost savings and enhanced productivity.

Moreover, the shift toward a data-driven culture in the manufacturing sector is propelling market growth. With the availability of vast amounts of data generated from various sources like sensors, machines, and enterprise systems, manufacturers are increasingly investing in advanced analytics solutions to analyze and interpret this data. This shift is driven by the need to remain competitive in a rapidly evolving market landscape. Data analytics provides manufacturers with a competitive edge by offering insights into customer preferences, production efficiency, and market trends, allowing them to make informed decisions and respond swiftly to market demands.

Another critical factor contributing to the market growth is the increasing focus on regulatory compliance and quality management. Manufacturers are under constant pressure to comply with stringent regulations and standards across various industries, such as automotive, aerospace, and pharmaceuticals. Data analytics solutions help manufacturers monitor and maintain quality standards throughout the production process, ensuring adherence to regulatory requirements. By identifying defects and inconsistencies early in the production cycle, manufacturers can take corrective actions promptly, minimizing the risk of non-compliance and ensuring product quality.

Regionally, the Asia Pacific region is expected to witness substantial growth in the manufacturing data analytics market. The region's rapid industrialization, coupled with the increasing adoption of advanced manufacturing technologies, is driving the demand for data analytics solutions. Countries like China, Japan, and India are at the forefront of this growth, with significant investments in smart manufacturing initiatives. Additionally, the increasing focus on digital transformation and the presence of a large number of manufacturing enterprises in the region further contribute to market expansion.

Component Analysis

In the manufacturing data analytics market, the component segment is broadly categorized into software, hardware, and services. The software segment encompasses various analytics platforms and tools that enable manufacturers to collect, analyze, and visualize data. These software solutions offer capabilities such as predictive analytics, machine learning, and real-time monitoring, which are crucial for optimizing manufacturing processes. The increasing demand for advanced analytics software is driving the growth of this segment, as manufacturers seek to leverage data-driven insights to enhance operational efficiency and productivity.

The hardware segment includes sensors, IoT devices, and other infrastructure required to collect and transmit data in manufacturing environments. These hardware components are essential for capturing real-time data from machines, equipment, and production lines. The proliferation of IoT devices and the need for robust data collection infrastructure are driving the growth of the hardware segment. Manufacturers are investing in advanced hardware solutions to ensure seamless data acquisition, which forms the foundation for effective data analytics.

The services segment comprises consulting, implementation, and support services offered by various vendors to help manufacturers deploy and maintain data analytics solutions. Consulting services play a crucial role in guiding manufacturers through the process of selecting the right analytics tools and developing customized solutio

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Big Data In Manufacturing Market Size 2025-2029

The big data in manufacturing market size is forecast to increase by USD 21.44 billion at a CAGR of 26.4% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing adoption of Industry 4.0 and the emergence of artificial intelligence (AI) and machine learning (ML) technologies. The integration of these advanced technologies is enabling manufacturers to collect, process, and analyze vast amounts of data in real-time, leading to improved operational efficiency, enhanced product quality, and increased competitiveness. Cost optimization is achieved through root cause analysis and preventive maintenance, and AI algorithms and deep learning are employed for capacity planning and predictive modeling.
To capitalize on the opportunities presented by the market and navigate these challenges effectively, manufacturers must invest in building strong data analytics capabilities and collaborating with technology partners and industry experts. By leveraging these resources, they can transform raw data into actionable insights, optimize their operations, and stay ahead of the competition. The sheer volume, velocity, and variety of data being generated require sophisticated tools and expertise to extract meaningful insights. Additionally, ensuring data security and privacy, particularly in the context of increasing digitalization, is a critical concern.

What will be the Size of the Big Data In Manufacturing Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic manufacturing market, Business Intelligence (BI) plays a pivotal role in driving operational efficiency and competitiveness. Blockchain technology and industrial automation are key trends, enhancing transparency and security in supply chain operations. Real-time monitoring systems, Data Integration Tools, and Data Analytics Dashboards enable manufacturers to gain insights from vast amounts of data. Lifecycle analysis, Smart Manufacturing, and Cloud-based Data Analytics facilitate predictive maintenance and optimize production.
PLC programming, Edge AI, KPI tracking, and Automated Reporting facilitate data-driven decision making. Manufacturing Simulation Software and Circular Economy principles foster innovation and sustainability. The market is transforming towards Digital Transformation, incorporating Predictive Maintenance Software and Digital Thread for enhanced visibility and agility. SCADA systems, Carbon Footprint, and Digital Thread promote sustainable manufacturing practices. AI-powered Quality Control, Performance Measurement, and Sensor Networks ensure product excellence.

How is this Big Data In Manufacturing Industry segmented?

The big data in manufacturing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Services
  Solutions


Deployment

  On-premises
  Cloud-based
  Hybrid


Application

  Operational analytics
  Production management
  Customer analytics
  Supply chain management
  Others


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The services segment is estimated to witness significant growth during the forecast period. In the realm of manufacturing, the rise of data from sensors, machines, and operations presents a significant opportunity for analytics and insights. Big data services play a pivotal role in this landscape, empowering manufacturers to optimize resource allocation, minimize operational inefficiencies, and discover cost-saving opportunities. Real-time analytics enable predictive maintenance, reducing unplanned downtime and repair costs. Data visualization tools offer human-machine interfaces (HMIs) for seamless interaction, while machine learning and predictive modeling uncover hidden patterns and trends. Data security is paramount, with robust access control, encryption, and disaster recovery solutions ensuring data integrity. Supply chain management and demand forecasting are streamlined through data integration and real-time analytics.

Quality control is enhanced with digital twins and anomaly detection, minimizing defects and rework. Capacity planning and production monitoring are optimized through time series analysis and neural networks. IoT sensors and data acquisition systems feed data warehouses and data lakes, fueling statistical analysis and regression modeling. Energy efficiency is improved through data-driven insights, while inventory management