ENA Sectors 2025-01-21 14:11:55 <p><span style="font-size:14px"><strong>New Delhi, Jan 21 (KNN)</strong> Chief Economic Advisor V Anantha Nageswaran highlighted significant obstacles facing India's manufacturing sector, including global economic headwinds and domestic regulatory constraints, during his address at the EXIM Bank International Economic Research annual event on January 20.</span></p> <p><span style="font-size:14px">The CEA specifically noted concerns about insufficient credit access for Micro, Small, and Medium Enterprises (MSMEs) while also identifying land-use regulations as a major impediment to enterprise development, while also noting.</span></p> <p><span style="font-size:14px">These observations come at a critical juncture as India seeks to establish itself as a global manufacturing hub amid shifting international supply chains.</span></p> <p><span style="font-size:14px">The country's ambitions, however, face substantial challenges from rigid land laws, constraints in MSME financing, and broader global economic uncertainties that demand swift policy attention.</span></p> <p><span style="font-size:14px">Despite these challenges in the manufacturing sector, Nageswaran expressed optimism about agriculture's role in economic growth.</span></p> <p><span style="font-size:14px">While acknowledging the natural tendency for agriculture's GDP contribution to decrease as economies expand, he emphasised its enduring importance, stating, Agriculture is the sector for the future, though as economies increase in size, its share in GDP falls. </span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 40729 https://knnindia.co.in/news/newsdetails/sectors/global-headwinds-and-regulatory-issues-challenge-indias-manufacturing-sector-cea-nageswaran 2025-01-21 14:11:55 knnindia.co.in