Despite policy pushes like PLI schemes and Union Budget incentives, India's manufacturing sector has failed to become a large-scale employer. Its share in GDP remains stuck at 14-17%, creating a disconnect between output growth and job creation due to capital intensity, skill mismatches, and a persistent divide between organised and unorganised sectors.
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- ›Manufacturing GDP Share (India): 14-17% (stagnant since 1991)
- ›Total Manufacturing Employment (2023-24): 5.44 crore workers
- ›Target this Data: Manufacturing GDP share stuck at 14-17%; Total manufacturing employment: 5.44 crore (2023-24).
- ›Target this Nodal Body: The Annual Survey of Industries (ASI) and Annual Survey of Unincorporated Sector Enterprises (ASUSE) provide employment data.
- ›Target this Policy: Production Linked Incentive (PLI) Scheme is the central instrument of the current manufacturing strategy.
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