India set to clock up to 8% GDP growth as it boosts manufacturing capacity, minister says

Every sector of the economy in India has seen improvements in manufacturing processes, according to Union Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw. The government has allocated 11.11 trillion rupees ($133.9 billion) in capital expenditure for fiscal year 2025, representing an 11.1% increase from the previous year. A survey of 500 executives revealed that 61% of US managers would choose India over China for manufacturing if both countries could produce the same materials. India aims to achieve annual GDP growth of up to 8% by focusing on strengthening its manufacturing capabilities.