- The report identified four high-potential manufacturing sectors: Chemicals, Textiles, Telecom & Network Equipment, and Solar Photovoltaic Manufacturing.
- Objective: To strengthen India’s manufacturing base and improve its position in global supply chains.
- The report assessed 62 manufacturing sectors and identified 12 high-potential sectors.
- The report highlights major challenges such as high import dependence, limited R&D, high logistics costs, skill gaps, and fragmented manufacturing capacity.
- It recommends greater domestic production of critical components and raw materials, development of large manufacturing clusters, and higher investment in technology and R&D.
- It also stresses improving exports, skill development, infrastructure, and integration with Global Value Chains (GVCs).
- The broader goal is to make India a globally competitive manufacturing hub by 2047, while generating employment and reducing dependence on imports.
Question:
Q1: What is the primary objective of NITI Aayog’s report Key Sectors to Position India as a Global Manufacturing Hub?
a)To increase agricultural exports
b) To make India a globally competitive manufacturing hub by 2047
c) To reduce the number of manufacturing industries
d) To focus only on MSME financing
Answer: b) The report aims to strengthen India’s manufacturing sector by improving domestic production, exports, technology, R&D, infrastructure, skill development, and integration with Global Value Chains (GVCs).
