India Resilience And Growth: A Global Manufacturing Hub

India, a nation that gained independence 77 years ago, has defied odds and emerged as a symbol of resilience. From overcoming a lack of resources to establishing a base of self-sufficiency, the country has shown the world its incredible potential.

India’s vibrant, young population, bolstered by proactive policies, has paved the way for its emergence as a leader not only in serving its domestic consumer base but also in meeting global demands.

A Rising Global Player: India’s Role On The World Stage

India has rapidly become one of the fastest-growing markets for global corporations. Its transformation into a global manufacturing and innovation hub is driving the ‘Make in India’ initiative, solidifying the country’s role as a key player in multinational operations.

The nation’s remarkable economic resilience and innovative ecosystems have helped it navigate global disruptions. These factors, combined with favourable demographics, position India as a gateway for businesses looking to expand internationally.

Leveraging India’s growth opportunities enables companies to drive success while contributing to the country’s continued development.

Key Drivers Of India’s Growth

Policy Push For Manufacturing

A robust manufacturing sector is essential for any developed economy. India’s 2025 Union Budget has laid the groundwork for strengthening its manufacturing industry, with the National Manufacturing Mission announced by Finance Minister Nirmala Sitharaman.

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This initiative aims to foster growth across small, medium, and large enterprises, focusing on five key areas: ease of doing business, future-ready workforce, support for micro, small, and medium enterprises, technology availability, and ensuring high-quality products. The mission promises to be a game-changer for India’s manufacturing ambitions.

Technological Advancements Leading The Way

India’s ability to embrace cutting-edge technologies has been integral to its success. Innovations like Industry 4.0, artificial intelligence, the Internet of Things (IoT), and robotics are transforming production processes.

These advancements are not only improving efficiency but also ensuring that Indian industries meet global standards. As a result, India is gaining a competitive edge in international markets, attracting manufacturing investments from around the world.

Upskilling The Workforce For Global Excellence

India’s young, diverse, and skilled workforce is another crucial factor driving its manufacturing success. The government’s efforts to upskill the labor force enable workers to meet the needs of modern industries.

These initiatives have made India a destination of choice for global corporations seeking a capable and cost-effective workforce. The country’s demographic dividend and commitment to workforce development are key to its growing role in the global market.

Infrastructure Development Supporting Growth

Infrastructure development is another critical enabler for India’s manufacturing sector. The government’s focus on strengthening logistics and connectivity through projects like Gati Shakti is creating an environment conducive to business growth.

These initiatives not only help manufacturers serve the Indian market but also position India as a key exporter, supporting the global supply chain.

Aiming For The Third-Largest Economy

India’s ambitious goal to become the third-largest economy by 2027, surpassing Japan and Germany, is within reach. Global corporations with manufacturing bases in India must develop strategies to capitalize on this target.

Achieving this goal will propel India toward becoming a developed nation by 2047. In turn, corporations with a presence in India will benefit from a stable, robust base that can cater to global markets.

India’s growing manufacturing sector represents more than just economic progress—it is a powerful platform for businesses to scale, innovate, and contribute to the country’s success on the world stage.

The writer is managing director of LG Electronics in India.