Automotive: We already have the world’s leading brands having their manufacturing plants in India. With time we will see surge in the number of new entrants and carmakers carrying out end-to-end development and manufacturing domestically.

Aerospace and space: With government allocating dedicated SEZs for aerospace manufacturers and with ISRO already working with foreign countries to launch their satellites, this sector will grow manifolds in the years to come. 

Defence: With the increasing focus on indigenous artillery, equipment, weapons and allied defence systems development, this sector will experience huge growth in the following years.

Heavy engineering and earth moving equipment: Government’s serious focus on building the infrastructure will help this sector experience enormous growth.

Process industry: Growing chorus for water harvesting, recycle and treatment initiatives, plastic and paper recycle, harvesting solar and wind energy, evaluating oil exploration in Indian waters, researching new ways and means for augmenting agricultural productivity, indicates huge potential for growth in this segment.

Consumer goods: With the greater than before disposable incomes, the consumption powers of the people are growing. This will necessitate greater demand for consumer goods and commodities and hence this sector will experience steep growth.

Why is it important for India to adopt new-age manufacturing technologies?