ENA Knowledge Resource 2022-07-13 10:38:17 <p><strong>New Delhi, July 13 (KNN)</strong> Indias manufacturing exports are expected to reach the USD 1 trillion mark by 2028, said a report.</p> <p>According to Bain and Companys report key industries driving growth include chemicals (USD 110-130 billion), electrical &amp; electronics (USD 120-145 billion) and textiles &amp; apparel (USD 95-110 billion).</p> <p><strong><a href="https://news.google.com/publications/CAAqBwgKMJSHqwswkZLDAw/sections/CAQifkNCSVNXRG9pWjJGeVlXMXZibVJmY0hWaWJHbHphR1Z5WDNObFkzUnBiMjVmWldScGRHbHZia0lhWjJGeVlXMXZibVJmY0hWaWJHbHphR1Z5WDNObFkzUnBiMjV5RmdvVUNoSkhRVkpCVFU5T1JGOUdWVXhNWDA1QlRVVW9BQSoQCAAqBwgKMJSHqwswkZLDA1AB?ceid=IN:en&amp;oc=3"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></p> <p>It also includes exports from automotive (USD 45-55 billion), pharmaceuticals (USD 45-50 billion) and industrial machinery (USD 70-75 billion). </p> <p>The growth will be amplified by production capacity expansion, government policy support, heightened M&amp;A activity and investments, said the report titled The Trillion-Dollar Manufacturing Exports Opportunity for India.</p> <p> The positive developments in the manufacturing sector, driven by production capacity expansion, government policy support, heightened M&amp;A activity, and PE/VC-led investment, are creating a robust pipeline for the countrys sustained economic growth in the years to come. said Deepak Jain, partner, Bain and Company and co-author of the report.</p> <p>Despite possible recessionary and inflationary pressure, fundamentals for Indias manufacturing sector remain strong. The mega-trends will continue to play out during the course of this decade which will accelerate Indias manufacturing-led exports, Jain said.</p> <p>Indias USD 1trillion manufacturing exports will be driven by growth in the priority sectors over the course of this decade. Chemicals, auto, electronics, pharma, textiles &amp; industrial machinery will lead the growth due to their readiness in terms of export potential and will contribute 50-60% share of manufacturing exports. This will be followed by metals &amp; minerals, food and transportation, said Sushil Pasricha, expert partner, Bain &amp; Company and co-author of the report.</p> <p>The manufacturing sector has been witnessing increased capex inflows and heightened M&amp;A activity leading to a surge in manufacturing output and resultant increased contribution to exports. <em><strong>(KNN Bureau)</strong></em></p> 29835 https://knnindia.co.in/news/newsdetails/knowledge-resource/electronics-textile-to-drive-indias-manufacturing-exports-to-1-trn-by-2028-report 2022-07-13 10:38:17 knnindia.co.in