Indian Manufacturing Sector Updates 2022

india import export data

 At the current time, countries are working effectively for developing their manufacturing sector because the manufacturing sector is the only key to boosting countries' economic value. 

If we talk about the manufacturing sector, in the last few years, we see rapid growth in the Indian manufacturing sector. India becomes a global player in terms of manufacturing popular goods. 


According to the India import export data, India is expecting the manufacturing sector's economic value annually to increase by $500 Billion US Dollars by 2030.  


In this blog, we will give you in-depth information related to the  Indian Manufacturing sector updates in 2022.


In 2014, the Indian government launched a program named “Make in India” which is the main reason that helps India to boost their manufacturing sector to the global stage. 


An initiative of the Indian government called "Make in India" that covers 25 sectors of the Indian economy is known as the “Atma Nirbhar Bharat Abhiyan”.


The Indian government is expecting that in the upcoming years, India will become the backbone for high-tech goods manufacturing in the global commerce market. 


Global key players such as  Siemens, GE, HTC, Toshiba, and Boeing are planning to establish their units in the Indian market because of the crucial step taken by the Indian government that the customs duties be reduced from 25% to 15% for the newly incorporated manufacturing units. 


According to the India Import Data, Till the end of the third quarter of FY22, the Indian manufacturing sector generated an overall amount of $38 Billion US Dollars approximately. 


Based on the latest global manufacturing index list 2021, India is leading the 2nd rank as the largest manufacturing country in the world. 


Top 10 manufacturing companies in India 


We see above that India is leading the 2nd rank in the manufacturing sector and those who are the main key player companies that are helping India to boost their economic value are written below - 


As per the latest India export data, the top 10 key players in the Indian manufacturing sector generated an overall amount of around $397.14 billion US Dollars in the last fiscal year 2021. 


Below, we mentioned the list of the top 10 key players present in the Indian manufacturing sector.  


  • Apollo Tyres

  • Dabur India Limited

  • Godrej Group

  • Ashok Leyland

  • Mahindra & Mahindra Limited

  • Hero Honda Motors

  • Hindustan Unilever Limited

  • Bajaj Auto

  • Maruti Suzuki Limited

  • Larsen & Toubro Limited


Conclusion - in this blog, we will give you in-depth information related to the Indian manufacturing sector updates in 2021.  Additionally, we give the top 10 key players list and their total generated value, and many more related details.  


We are hoping that the information is enough and beneficial for your trade business. 


For more import export data visit our official website Exim Trade Data


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