Renu Kohli: From treadmill to fast track

New Delhi : Expanding the share of manufacturing in the country’s economic base is likely to prove very difficult The Indian manufacturing sector has had to run very fast in order to stand still in this millennium. Despite an exceptional performance in the first decade, its share in the overall gross domestic product (GDP) has remained between 15 and 16 per cent. A new policy on manufacturing now aims to raise this stake to a quarter per cent by 2025. For this to happen, the sector needs to step off the treadmill, get onto the tracks and sprint very fast. Its run, however, is likely to face resistance from shrinking markets abroad and higher inflation rates in the coming times.