India's manufacturing sector's contribution to GVA will surge to 21% by 2032 from 14% now: Report

India's manufacturing sector is set to rise significantly, with its contribution to Gross Value Added (GVA) projected to increase from 14% to 21% by 2032. This growth is driven by government and corporate capital expenditure, infrastructure investment, and the Production-Linked Incentive (PLI) scheme, creating substantial jobs and boosting the economy.