S&P Global Study said on Monday that India has progressed in making its manufacturing sector more attractive to global investors, and India will benefit from the changes in the international trade policy.
The study of S&P Global India Research Chapter, titled ‘India Forward: Transformative Perspectives’, said that as economies are suitable for developing business dynamics and tariff challenges, India can do quick manufacturing growth and more and more global supply-chain-chain integration.
A strategic change towards local sourcing, closeness to end-markets, and increased regional integration should attract additional investment in the region, accelerate India’s technological advancement and manufacturing competition and create additional high quality manufacturing jobs.
“Beyond the near period, the change in global trade policy would catalyze the supply-series for India’s profit,” he said.
The study states that India has made “remarkable progress” in increasing its competition and making its manufacturing sector “more attractive to global investors”.
India remains the fastest growing big economy in the world despite real recession Gross domestic product Increase in FY 2024-25.
S&P Global Study said that India has moderate dependence on external trade for development, which somewhat cushion it to the changes in global trade and tariff policies, although it is not immune for growing trade protectionism.
While the manufacturing value connects minor accounts for the country’s real 17.2 percent Gross domestic product (GDP), the government has implemented policy interventions targeted to build domestic manufacturing capacity and strengthen India’s role in global supply chains.
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