Construction Cost Guide - Industrial & Logistics

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India’s Manufacturing Revolution | Key Facts & Data Insights

India’s Manufacturing Revolution: Key Facts and Data Insights

Our latest report, India’s Manufacturing Revolution | Key Facts & Data Insights, explores India's manufacturing landscape and throws light on growth drivers, key facts, the performance of core manufacturing sectors, PLI schemes, and much more. 

Some of the key highlights:

- India’s manufacturing PMI rose to a 16-year peak of 58.5 in July ’24. This indicates significant improvement, supported by an upturn in new orders, a healthy demand environment, and favourable market conditions.


- The core manufacturing sectors achieved growth rates of 10.4% and 7.8% in FY 2021-22 and FY 2022-23, respectively, surpassing the past 8-year average annual growth rate of 2.4%.  


- The space absorption by the manufacturing sector grew from 5.6 mn sq. ft. in 2020 to 11 mn sq. ft. in 2023 and is anticipated to reach 13 mn sq. ft. in 2024.   


There are many such data points and insights covered in our report. Download it today!