Budget 2025 to Propel India's Domestic Manufacturing onto the Global Stage

The upcoming Union Budget 2025 is poised to significantly enhance India's domestic manufacturing capabilities, aiming to position the nation as a global manufacturing hub. Key initiatives are expected to focus on strengthening the Micro, Small, and Medium Enterprises (MSMEs) sector, which contributes approximately 30% to India's GDP and 45% to total exports. This would, in turn, increase manufacturing exports to over $500 billion by 2026, create millions of jobs, and stimulate economic growth. The government is thus trying to implement policies that will enhance indigenous production and technological self-reliance. 

 

Source: goodreturns.in