MANUFACTURING IN INDIA 2022-2023

1. Manufacturing in
India 2022-2023
GROUP-3

2. GROUP MEMBERS:
ASWITA CHAVAN
SHASHANK SHARMA
RIYA MISHRA
RISHI PATEL
SANGHARSH HARIJAN
GAURAV GUPTA

3.  The manufacturing industry in India is steadily growing, with a focus on key
industries such as chemicals, polymers, fertilizers, cement, steel, non-ferrous
metals, capital goods, consumer durables, textiles, and automobiles. Let's take a
closer look at the trends and developments in this sector.
India's manufacturing purchasing managers' index (PMI) rose from 56.4 in
March 2023 to 57.2 in April 2023, signaling a significant improvement in the
sector's health, according to S&P Global.All sub-components of the PMI, except
for suppliers' delivery times, made a stronger contribution to this month's figure.

4. PRODUCTION
Manufacturing production in India increased 3.1 percent year-on-year in June 2023, easing from an
upwardly revised 5.8 percent growth in the previous month.
Manufacturing production measures the output of businesses operating in the manufacturing sector. In
India, manufacturing accounts for 78 percent of total industrial output.
The biggest segments are : basic metals (13 percent of total production); coke and refined petroleum
products (12 percent); chemicals and chemical products (8 percent); food products (5 percent);
pharmaceuticals, medicinal chemical and botanical products (5 percent); motor vehicles, trailers and
semi-trailers (5 percent); machinery and equipment n.e.c. (5 percent); other non-metallic mineral
products (4 percent); and textiles, electrical equipment and fabricated metal products (3 percent each).

7. WPI Analysis
Polymer- WPI for polymers increased by 21.2% in 2021 compared to 2020, due to an increase in crude oil
prices and supply chain disruptions caused by the pandemic.
Cement- WPI for cement increased by 12.5% in 2021 compared to 2020, due to an increase in demand and
production costs.
Non-ferrous Metals- WPI for non-ferrous metals increased by 27.1% in 2021 compared to 2020, due to an
increase in demand and supply chain disruptions.
Automobile industry- designs, produces, and markets cars, trucks, buses, and other types of vehicles. The
industry is one of the most capital-intensive, as it requires billions of dollars to build plants and acquire
technology. Because the demand for cars is highly sensitive to economic cycles, the automobile industry's
profitability margins can show high degrees of volatility
Textile- The textiles, apparel, and luxury goods industry includes manufacturers of apparel merchandise,
footwear, and a wide variety of accessories, such as handbags, eyewear, and travel-related goods. Examples
of companies operating in this industry include Under Armour, Inc. (UA) and Coach, Inc. (COH).

9. WPI FOR CHEMICALS

10. WPI FOR STEEL

11. MANUFACTURING CONTRIBUTION TO GDP:
The Indian Manufacturing sector currently contributes 16-17% to GDP and gives employment to around 12%
(2014) of the country's workforce. Various studies have estimated that every job created in manufacturing has a
multiplier effect in creating 2–3 jobs in the services sector.
 Manufacturing Industry in India has gone through various phases of development over the period of time. Since
independence in 1947, the domestic manufacturing sector has traveled from building the industrial foundation in
1950’s and early 1960’s, to the license–permit Raj between 1965 to 1980.
Then it underwent a phase of liberalization of 1990’s and finally to the present phase of global competitiveness.
The Indian Manufacturing sector currently contributes 16-17% to GDP and gives employment to around 12%
(2014) of the country’s workforce. Various studies have estimated that every job created in manufacturing has a
multiplier effect in creating 2–3 jobs in the services sector.

13. Exports: Opportunities and Challenges-
Opportunities:-
India has a competitive advantage in several areas, such as the production of generic medicines,
textiles, and automobiles, providing ample opportunities for export growth.
Challenges:-
Indian exports face several challenges, including lack of competitiveness, inadequate
infrastructure, and limitations in the availability of skilled labor.

15. THANK YOU