Rising input costs threaten India’s manufacturing push, says study

NEW DELHI: The increasing input costs could disrupt the country’s manufacturing goals, despite forecasts indicating that domestic aluminium demand will rise to 8.3 million tonnes by 2030, up from the current 5.3 million tonnes, a recent study has said.

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‘The study released by CUTS International — a think tank — comes at a crucial turning point for India’s industrial growth, highlighting how the current import duty structure is inadvertently constraining MSMEs — the very enterprises that anchor the country’s manufacturing value chain and are indispensable to realising the vision of Viksit Bharat 2047.