India is the amongst the top 10 manufacturing nations of the world.

Factors Supporting India’s rise as Manufacturing Hub:

• Industry Confidence, It shows the good shape of India’s manufacturing, despite global headwinds and rising recession fears elsewhere
• Large workforce: India will add 22% of the new global workforce in next three decades, i.e., between 2020 and 2050 (UN population Fund, 2019).
• High Economic Growth, world’s 2nd biggest economy by 2047.
• Large Domestic Market: The rising incomes and decreasing rural-urban divide supports domestic demand rise.
• US-China Trade War, Situation in China: The ageing population and rising labour costs.