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The Impact Of Indian Manufacturing In India

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When some people think of manufacturing in India, they imagine people working in crowded wooden huts, building largely outdated products, and lacking any sort of technological aid. However, what many fail to realize, is that this idea of Indian manufacturing is as outdated as India 's near century old labor laws. Indian manufacturing has progressed immensely in recent years. Even with India being projected to become a major worldwide manufacturing power by 2025, some still believe that the aforementioned labor laws and government restrictions are limiting international interest and investment in India 's manufacturing sector. But, this is simply not the case in modern day India. Recent amendments to the most outdated government restrictions …show more content…
Manufacturing in India has averaged a 9% growth in output annually over the past few years. In 2014, Indian manufacturing had a record growth of 12.3% (Manufacturing Companies in India). This growth in manufacturing output is one of the highest seen since the American Industrial Revolution, and this can be generally attributed to international companies investing in Indian manufacturing. Within the past twelve months, twelve different international manufacturers have pledged over 45 billion U.S. dollars in investments to Indian manufacturing projects, planned to add over 50,000 jobs within the next year, and promised over twelve new, large-scale manufacturing plants throughout India (Manufacturing Sector in India). These companies are coming to India because they see the advantages of India’s highly skilled workforce and relatively cheap labor. They are not being deterred by the strong government interference in …show more content…
The point of this program is to have the Indian government work in conjunction with major international manufacturers, and help international companies through the government restrictions. At this point, this program has successfully secured over seventeen international manufacturing projects from various industries, and it has reformed several labor laws to make them more accommodating to modern day businesses (New Initiatives). Because some of the stricter government regulations have been relaxed by this program, it eases companies’ minds that they can be free to grow in India without government interference. And, it further proves that international interest in Indian manufacturing has not been deterred by government red

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