Tools manufacturing sector presents a significant opportunity for India to enhance its export footprint, create jobs, and establish itself as a competitive player on the world stage, a joint report by NITI Aayog and the Foundation for Economic Development asserted.
Jobs in manufacturing and services are 3-6 times more productive than agricultural work, underscoring the sector's potential to transition the workforce into higher productivity roles.
Emphasising the importance of keeping up the reforms momentum, noted author and economist Gurcharan Das has praised the central government for reforms such as the Goods and Services Tax (GST), which gave the country a unified tax structure, and the production-linked incentive or PLI scheme f