India Launches Manufacturing Mission to Drive $7.5T Industry Goal

• India to launch a powerful manufacturing mission for 2047 goals.
• Focus on urbanisation, clean energy, and skilling.
• Aims to cut red tape, boost MSMEs, and scale infrastructure.

While speaking at the CII Annual Business Summit 2025, NITI Aayog CEO BVR Subrahmanyam clarified the National Manufacturing Mission, which will launch within a month. The mission will not be just advisory, but will implement actions. It will serve as a powerful force, with the responsibility to transcend bureaucracy, find coordination between ministries, and advance India's industrial growth. Subrahmanyam said India would reach $30 trillion economy by 2047 with 25% of GDP from manufacturing, but only if we act timely and purposefully.

Subrahmanyam added, "We’ve studied China’s 15-year Make in China 2025 roadmap. We need our own version—targeted, time-bound, and tracked."

The new mission will have the authority to implement decisions and eliminate major obstacles, unlike the past advisory bodies. He focused strongly on urbanisation, changing the urban population in India from 30% to over 50%, if we are going to expand industry, urgent attention here is required. He called for an aggressive strategy around energy transition, balancing growth in capacity and shifting to carbon neutrality as well as complete reform to education and skilling-all to ensure inclusive growth.

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Changing the products and processes of India's manufacturing sector will be vital for shifting a significant share of the country's workforce away from agriculture and into higher-value jobs. Subrahmanyam pointed out that the manufacturing sector must grow at 15% annually to meet the $7.5 trillion target by 2047.

Concerns remain, including the heavy compliance burden on business, a lack of complete plug-and-play infrastructure, and especially a severe shortage of skilled workers in MSMEs. He proposed focused projects to help create world-class industrial zones, reduce regional investment disparities, enhance women's participation in manufacturing, and facilitate mid-sized firms' growth into global value chains.

Subrahmanyam observed China’s accelerated growth in manufacturing exports, arguing that Indian planning remembers India's 21st century ambition to achieve a strategic, time-bound roadmap for implementation. He framed global disruption as a strategic opportunity and encouraged Indian businesses to harness the youthful workforce in India, and embrace new technologies on the rise in AI, EVs and climate tech.

"In a disrupted world, there are no incumbents. That levels the playing field—and that’s India’s opening", he concluded.