National Capital Goods Policy 2016 unveiled
The National Manufacturing Policy envisaged manufacturing to contribute 25% to GDP and create 100 million jobs. In contrast, till date, manufacturing activity contributes to 17% of India's GDP and only 4 million jobs are estimated to have been created in the sector since 2010. The gap to stated aspiration is large. The Capital Goods sector is a critical element to boost manufacturing activity by providing critical inputs, that is, machinery and equipment.
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