India Ranks 5th in Manufacturing, Ahead of Japan, UK

• India ranks among the top 5 manufacturing nations globally, surpassing countries like South Korea, France, and the UK.
• According to Kotak Mutual Fund and China's Global Times, India's manufacturing output is $0.78 trillion, placing it fifth behind China, USA, Japan, and Germany.
• Foreign investment, government initiatives like Make in India and PLI schemes, and factors like affordable labor contribute to India's manufacturing growth.
• The country is focusing on high-value sectors (automotive, metals) and labor-intensive industries (textiles, toys) to boost the economy and create jobs.
• India aims for self-reliance in strategic sectors such as defense, electronics, and pharmaceuticals, reducing imports and increasing local production.

Why It Matters: India's rise as a top 5 manufacturing hub signals economic growth and job creation.