India manufacturing PMI April 2025, HSBC S&P Global, export demand
A manufacturing road map

The National Manufacturing Mission announced in Budget could fill an important policy gap.

PLI scheme, PLI news, opinion articles, financial express
Hard look at PLI

A one-size-fits-all approach is the reason why 13 of the 14 PLI schemes don’t have much to showcase

The share of manufacturing in domestic GVA declined to 14.1% in 2023-24 from 14.7% in 2019-20 (Image/Reuters)
Beyond PLI targets

A comprehensive strategy is needed to propel India’s manufacturing capabilities