The manufacturing industry in India has emerged as a fast-growing sector owing to the rapidly increasing population in the country. Investments in the sector have been on the rise and initiatives like ‘Make in India’ aim to make the South Asian country a global manufacturing hub. The annual production growth rate in the manufacturing industry was *** percent during fiscal year 2025. Foreign and domestic enterprisesThe gross value added by the manufacturing sector in India has grown steadily; however, it is still lower than the services sector. With the prospect of a huge consumer market, global giants such as Siemens, HTC, and Toshiba have already set up or are in the process of setting up manufacturing plants across the region. Apple has also been setting up nascent operations in India to diversify from China-centered production. On the other hand, the micro, small and medium enterprises sector is also crucial to transforming India from an agriculture-based economy to an industrialized one. MSME's contribution to Indian GDP has remained stable over the last few years. The futureWith technology reaching what previously were unimaginable heights in the last decade, industries need to keep up with the current trends and the technology. The focus is shifting towards machine learning to improve the efficiency and precision of the work.Smart manufacturing, a combination of internet of things and artificial intelligence, is expected to see growth in the coming decade.

The India Manufacturing Market is Segmented by Ownership (Public Sector, and Others), by End-User Industry (Automotive & Auto Components, and Others), by Plant Size (Large Enterprises), and by Region (North India, and Others). The Market Forecasts are Provided in Terms of Value (USD).

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.

Manufacturing Production in India increased 2.60 percent in May 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.

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

The India Manufacturing Sector Market offers a diverse range of products, including automobiles, machinery, electronics, and pharmaceuticals. The automotive industry is one of the largest segments, driven by factors such as increasing urbanization, rising disposable income, and government initiatives to promote domestic manufacturing. The machinery segment is also experiencing growth, supported by the expanding manufacturing base and the need for automation. The electronics industry is witnessing significant demand due to the growing adoption of consumer electronics and the proliferation of the digital economy. The pharmaceutical industry is driven by factors such as increasing healthcare expenditure and the rise of chronic diseases. Recent developments include: January 2023: Sundram Fasteners, an auto component manufacturer, secured its largest-ever EV contract in its six-decade history. The Chennai-based company clinched a USD 250 million deal from a prominent global automobile manufacturer to supply sub-assemblies for its electric vehicle (EV) platform. Sundram Fasteners anticipates reaching an annual sales peak of USD 52 million by 2026, with a supply of 1.5 million drive unit sub-assemblies per annum., January 2023: Tata Motors, a multinational automotive manufacturing company based in India, disclosed plans to potentially establish plants in India and Europe for manufacturing battery cells dedicated to electric vehicles (EVs). The Chief Financial Officer of Tata Motors' auto unit revealed this information in an interview with Reuters. Tata Motors, which has sold a total of 50,000 electric cars thus far, dominates India's EV market and aims to introduce 10 electric models by March 2026.. Key drivers for this market are: Increasing demand for products in sectors like automotive, consumer electronics, and pharmaceuticals, both domestically and internationally, is fueling the expansion of manufacturing activities in India. Potential restraints include: Inadequate infrastructure, including poor transportation networks, inconsistent power supply, and inefficient logistics, which raise operational costs and hinder the smooth functioning of industries. Notable trends are: Growing government spending and the large and growing population, coupled with a rising middle class, are driving the market 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.

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 July of 2025.

Graph and download economic data for Production: Manufacturing: Total Manufacturing for India (PRMNTO01INA657S) from 1996 to 2024 about India, IP, and manufacturing.

Key information about India Industrial Production Index Growth

• India Industrial production rose 5.0 % YoY in Jan 2025, following an increase of 3.5 % YoY in the previous month.
• India Industrial production index growth rate YoY data is updated monthly, available from Apr 2006 to Jan 2025, with an average rate of 4.4 %.
• The data reached an all-time high of 133.5 % in Apr 2021 and a record low of -57.3 % in Apr 2020.

CEIC calculates Industrial Production Index Growth from monthly Industrial Production Index. Ministry of Statistics and Programme Implementation provides Industrial Production Index with base 2011-2012=100. Industrial Production Index covers Mining, Manufacturing and Electricity sectors. Industrial Production Index Growth prior April 2013 is calculated from Industrial Production Index with base 2004-2005=100.

GDP from Manufacturing in India increased to 8299.55 INR Billion in the first quarter of 2025 from 6960.49 INR Billion in the fourth quarter of 2024. This dataset provides - India Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

India Plant Growth Regulators Market was valued at USD 102.34 Million in 2024 and is anticipated to project impressive growth in the forecast period with a CAGR of 7.22% through 2030.

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Market Size	2024: USD 102.34 Million
Forecast Market Size	2030: USD 154.81 Million
CAGR	2025-2030: 7.22%
Fastest Growing Segment	Auxins
Largest Market	North India
Key Players	1. BASF India Ltd. 2. Dow Chemical International Private Limited 3. Bayer India Ltd. 4. FMC India Pvt. Ltd. 5. Dhanuka Agritech Ltd. 6. Godrej Agrovet Limited 7. Krishi Rasayan Exports Pvt. Ltd. 8. Growtech Agri Science and Research Private Limited 9. Bharat Rasayan Limited 10. Aristo Biotech And Life Science Pvt. Ltd.

Industrial Production in India increased 1.20 percent in May 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.

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.

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.

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 Indian steel fabrication industry is experiencing robust growth, driven by large-scale infrastructure development projects, increasing urbanization, and a burgeoning manufacturing sector. The industry's Compound Annual Growth Rate (CAGR) of 8.71% from 2019 to 2024 indicates significant expansion, a trend projected to continue through 2033. Key drivers include government initiatives promoting infrastructure development (like the Bharatmala project and Smart Cities Mission), rising demand for construction materials in both residential and commercial sectors, and a growing need for steel structures in energy and industrial applications. The market segmentation reveals a strong demand for both heavy and light sectional steel, with the manufacturing and power & energy sectors being major end-users. While the exact market size in 2025 isn't specified, considering the CAGR and assuming a 2024 market size of approximately $50 billion (a reasonable estimate for a rapidly growing market of this type), the 2025 market size could be projected at roughly $54 billion. This projection is a reasonable estimate based on market trends and industry growth patterns and is not a precise figure. The competitive landscape is fragmented, with numerous companies ranging from large established players like Bharat Process and Mechanical Engineers Limited to smaller regional fabricators. However, consolidation is expected as larger firms seek to expand their market share through acquisitions and strategic partnerships. While growth is promising, challenges remain. These include fluctuating raw material prices (iron ore, steel billets), potential supply chain disruptions, and the need to adopt advanced technologies and sustainable practices to improve efficiency and reduce environmental impact. Future growth will likely be influenced by government policies related to sustainable infrastructure, technological advancements in steel fabrication, and the overall economic health of India. The industry is poised for continued expansion, provided these challenges are effectively managed. This report provides a detailed analysis of the Steel Fabrication Industry in India, covering the period 2019-2033. It offers invaluable insights into market size, growth drivers, challenges, and future trends, making it an essential resource for industry stakeholders, investors, and researchers. With a base year of 2025 and an estimated year of 2025, this report projects market dynamics until 2033, leveraging historical data from 2019-2024. Keywords: Indian Steel Industry, Steel Fabrication Market, Steel Fabrication India, Steel Structures India, Metal Fabrication India, Indian Steel Market, Steel Construction India. 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.

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.

Graph and download economic data for Production: Manufacturing: Consumer Goods: Total for India (PRMNCG01INQ661S) from Q2 1994 to Q1 2017 about India, production, consumer, goods, and manufacturing.