Revving Up: India's Manufacturing Leap Towards Viksit Bharat

Kamal Bali, managing director of Volvo Group India, emphasizes the urgent need for India to boost its manufacturing sector to contribute 25% to GDP to become a developed nation by 2047. He highlights a $3 trillion manufacturing shift opportunity and stresses the importance of focusing on quality.

India must strengthen its manufacturing sector to achieve 'Viksit Bharat' by 2047, according to Kamal Bali, Managing Director of Volvo Group India. He said the manufacturing sector should aim to contribute 25% to the GDP.

Speaking at a quality management symposium, Bali highlighted the shifting of $3 trillion in manufacturing away from neighboring countries, presenting an opportunity. He emphasized focusing on quality to seize this chance.

Bali compared India with industrial nations like Germany, Korea, and China and urged for an increase in manufacturing's GDP contribution from the current 15-16% to 25%.

(With inputs from agencies.)