Where India Stands in Global Manufacturing

Manufacturing value-added as a share of GDP tells an incomplete story. India, at 12.6% in 2024, sits below the world average (15%) and that for the EU (14.3%), and well behind every economy in its peer group. Bangladesh, a much smaller and seemingly less industrialised economy, manufactures nearly twice as much as a share of GDP. Vietnam, Indonesia and Mexico have all held or grown their shares since 2019. The gap is wide but the opportunity is equally large. What will it take to close it?

Read what over 25 CXOs across India's industrial segments say it takes to build and run factories in IMA India's The Manufacturing Crossroads Report.

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IMA India’s Decoding India is a data-led series that explores the metrics shaping India’s economic and business landscape, presented through comparative visuals across Indian states or peer economies. The aim is simple: to make India’s progress easier to understand at a glance and to surface insights that matter for decision-makers.