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Bharat Becomes 5th Largest Manufacturer, Faces Trade Deficit

7/6/2025

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Summary

Story summary

In 2023, Bharat emerged as the fifth largest manufacturing powerhouse worldwide, boasting an impressive output of $781 billion. Yet, its manufacturing sector still accounts for just 17.9% of GDP. To tackle a staggering $260.6 billion trade deficit, Bharat must refine its FDI policies, improve infrastructure, and invest in skill development, focusing on thriving sectors like IT, automobiles, and healthcare.

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Story summary

In 2023, Bharat emerged as the fifth largest manufacturing powerhouse worldwide, boasting an impressive output of $781 billion. Yet, its manufacturing sector still accounts for just 17.9% of GDP. To tackle a staggering $260.6 billion trade deficit, Bharat must refine its FDI policies, improve infrastructure, and invest in skill development, focusing on thriving sectors like IT, automobiles, and healthcare.