The Gross Value Added (GVA) at basic current prices from the manufacturing sector in India grew at a CAGR of 5% during FY16 and FY20 as per the annual national income published by Government of India. The sector’s GVA at current prices was estimated at US$ 398 billion in FY20PE.
Business conditions in the Indian manufacturing sector continue to remain positive. The manufacturing component of IIP stood at 129.8 during FY20. Strong growth was recorded in the production of basic metals (10.8%), intermediate goods (8.9%), food products (2.7%) and tobacco products (3%). India’s Index of eight core industries stood at 132 in FY20. Merchandise export decreased 4.79% y-o-y to reach US$ 314.31 billion in FY20.
With the help of Make in India drive, India is on a path of becoming the hub for hi-tech manufacturing as global giants such as GE, Siemens, HTC, Toshiba, and Boeing have either set up or are in process of setting up manufacturing plants in India, attracted by India's market of more than a billion consumers and an increasing purchasing power.
According to the United Nations Conference on Trade and Development (UNCTAD), India ranked among the top 10 recipients of Foreign Direct Investment (FDI) in South Asia in 2019, attracting US$ 50 billion—a 17% increase from the previous year. Cumulative Foreign Direct Investment (FDI) in India’s manufacturing sector reached US$ 88.5 billion during April 2000 March 2020.
COMPAXED team have great access to manufacturing segment by way of Investment Banking, Business Advisory and Corporate Advisory Services through M&A Deals.