With the coronavirus pandemic, China has lost the faith of the world. Many nations are now keen to shift their manufacturing dependency away from China.
Around a thousand foreign companies are contemplating shifting their manufacturing base to India as the geopolitical and economic repercussions of the Wuhan Coronavirus pandemic become imminent.
Analysts claim that If this growth rate in the manufacturing activity sustains, the improvement in business conditions could lead to a gradual economic recovery
The Indian manufacturing industry is mainly comprised of chemicals, machinery, metals, and textiles. The increasing growth in the manufacturing sector is attributed to Prime Minister Narendra Modi’s ‘Make in India’ initiative, which seeks to transform manufacturing in the country.
Taking a dig at Rahul Gandhi, he said that some people keep talking about 'Made in Ujjain, Made in Jaisalmer', 'Made in Baroda' in their speeches. PM Modi said that their speeches are just that, speeches and never translate to action