Factory floors find their footing again
India's industrial rejuvenation, led by electronics and automotive sectors, propelled strong manufacturing growth in June, signaling economic vitality. Capital goods performance indicates rising investment and industrial credit. Strategic reforms and infrastructure enhancement position India to reshape its manufacturing landscape and boost its GDP contribution. However, sustained policy reforms and better global supply chain integration are crucial for long-term success. While India benefits from global trends, challenges like incomplete reforms persist. The sector needs to drive economic growth beyond services, with high-frequency indicators suggesting a potential reset in Indian factories.
Economic Times · ET Bureau · Jul 29, 2026 at 5:43 PM