India’s manufacturing exports may rise by $1 trillion by 2027-2028

India is predicted to scale up its manufacturing exports to $1 trillion with the aid of the economic year 2027-28. This comes amid beneficial trends in manufacturing and growth in priority sectors, said Bain & Company, in a recorded report titled, ‘The Trillion Dollar Manufacturing Exports Opportunity for India.’ The 6 sectors driving export increase might be chemicals, automobiles, electronics, prescribed drugs, textiles, and business equipment The electronics region is expected to look at the highest compound annual growth rate (CAGR) of 35-40% by FY28. this will be followed by chemicals at 19-23% and business machinery at 18-20%. Automotive is some other key sector and is anticipated to grow at 15–18 % CAGR. The document comes within the backdrop of India’s manufacturing exports seeing a great tremendous increase over the last 2years. For more details visit the blog link below: https://capitalbajar.com/indias-manufacturing-exports-may-rise-1-trillion-by-2028/

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