India Eyes $3 Trn Industry Growth by 2035

16 May 2025 CW Team

India’s industry sector is poised for a transformative leap, targeting a contribution of up to thirty-two per cent of Gross Domestic Product by year twenty thirty-five, according to Omniscience Capital. Driven largely by manufacturing, the sector is set to overtake agriculture’s GDP share, fuelled by rising domestic consumption, a growing middle class, and targeted government interventions.

To achieve the ambitious USD one trillion merchandise export target by year twenty thirty, annual export growth must average twelve per cent. India’s merchandise exports stood at USD four hundred fifty billion and grew at a three-year compound annual growth rate of 18.8 per cent till financial year twenty twenty-four.

Government schemes including Production Linked Incentive, Foreign Direct Investment liberalisation, and the Make in India initiative are strengthening the sector’s backbone. Infrastructure investments under the Gati Shakti initiative are enhancing logistics and physical connectivity.

Eleven Industrial Corridor Projects under the National Industrial Corridor Development Programme aim to develop smart cities, attract Micro, Small and Medium Enterprise investments, and generate up to four million jobs. This includes corridors such as Delhi-Mumbai, Chennai-Bengaluru, and Hyderabad-Warangal, covering key industries like textiles, electronics, pharmaceuticals, and logistics.

Omniscience Capital affirms that advanced technology adoption, efficient supply chains, and policy support will be critical in realising India’s USD three trillion industrial potential by twenty thirty-five.

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