NITI Aayog: Advanced Manufacturing Key to Viksit Bharat, Averting $5.1T Gap

• NITI Aayog states advanced manufacturing and frontier technologies are crucial for India's 'Viksit Bharat' vision by 2047.
• India needs to rapidly scale up advanced manufacturing to avoid a potential $5.1 trillion economic output gap.
• The government views the next five years as critical for building smart manufacturing capabilities, emphasizing MSME digital transition.
• The PM SETU scheme, with a 600 billion rupee investment, aims to create an industry-led skilling ecosystem.
• Challenges include low R&D intensity and difficulties for manufacturers, especially MSMEs, in building robust data foundations for AI adoption.

Why It Matters: Advanced manufacturing is vital for India to achieve its Viksit Bharat vision.