India may become 5th largest manufacturing nation: BCG report

India may become the fifth-largest manufacturing nation - from ninth position at present - if it increases the share of manufacturing in GDP to 25 per cent, a Boston Consultancy Group (BCG) report has said. The National Manufacturing Policy envisages that manufacturing sector should increase its share of GDP from 15 per cent at present to 25 per cent by 2022.

With China’s manufacturing competitiveness losing sheen,  nations are vying for a bigger piece of the $8.8 trillion global manufacturing pie. India, with its large working population and low labour costs is at a distinct advantage, the report added.

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