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India needs double-digit factory growth, Bank of America says

Posted on September 7, 2026
By Business News Today
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1 min read

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India needs double-digit factory growth, Bank of America says

Indias manufacturing sector needs to grow at least 10% annually for 15 years to reach 25% of GDP, Bank of America estimates. That could create a $2.3-trillion manufacturing economy by 2040, but regulatory burdens, high power costs and a shortage of medium-sized firms remain major obstacles.