India emerges as a destination of technologically advanced products

India has always been known as a nation which provides high quality technical services.

- H.P. Ranina

Question: However, with the growing number of young persons, the manufacturing sector needs to grow in order to create more jobs.

Is this likely to happen?

ANSWER: India has made significant headway in the past 10 years, with several top international companies using the country as a manufacturing base. Manufacture of electronic goods in India was non-existent a decade ago and products which were designed outside India and manufactured in East Asian countries were sold in the country. There is now a complete transformation with more and more foreign companies setting up factories in India to manufacture their products and export them.

This metamorphosis across the value chain design, manufacturing and testing sible by the government's emphasis on import substitution and export promotion. Digitisation has played an important role as products manufactured in India using artificial intelligence have ensured that the quality of the final product is of international standards. Thus, after Covid, India's footprint has grown in the global value chain. India has emerged as a destination of technologically advanced products and for developing new applications.