Just as India takes off to explore unknown grounds, the Indian markets are venturing into newer economic orbits. The nation is on a parallel trajectory in the industrial sphere, aiming to become a global manufacturing hub.
Propelled by initiatives like the National Manufacturing Policy, aiming for the manufacturing sector to contribute 25% to the GDP by 2025, and the PLI scheme, India’s global manufacturing ambitions are clear. With the potential to export a staggering $1 trillion by 2030, India isn’t just joining the global manufacturing race but leading it.
The Morgan Stanley Report forecasts that India will be the third-largest economy by 2027, potentially doubling its GDP to $7.5 trillion by 2031. Goldman Sachs further predicts that by 2075, India will surpass not only Japan and Germany but also the US, becoming the world’s second-largest economy.
This economic boom is reflected in the growth of the manufacturing, infrastructure and small business sectors. Their growth signifies a rising demand for sophisticated cleaning solutions and opening vast avenues for the cleaning industry. Clean India Journal, in this cover story, explores these sectors, highlighting the nuances of manufacturing and warehousing, the promising future of infrastructure, and the dynamic small business landscape.
Here’s a glimpse of India’s transformative journey and its profound impact on the cleaning and facility services sectors.