Addressing the Viksit Bharat @ 2047 conclave organised by the Federation of Indian Chambers of Commerce and Industry (FICCI), Thakur said India moved from being counted among the fragile five economies in the world to the top five due to the bold policies and decisions taken by Prime Minister Narendra Modi.
Addressing a session on 'Viksit Bharat @ 2047: Viksit Bharat & industry', organised by Ficci, the minister said that industry's role is critical in achieving the goal by 2047.
The event will be jointly organised by the Ministry of AYUSH, Government of India, and the Federation of Indian Chambers of Commerce and Industry (FICCI)
Indian Manufacturing Sector: A survey by industry body FICCI indicated sustained growth in India s manufacturing sector for the last two quarters of 2023-24. Around 87% of respondents expected higher or the same production levels in the current quarter, reflecting optimism. Despite positive indicators, constraints like raw material availability, global demand uncertainty, labor shortages, market volatility, increased power costs, unutilized capacities, and high bank interest rates were highlighted.