* The appliances and consumer electronics (ACE) market in India is expected to grow to US$ 21.18 billion by 2025 from US$ 10.93 billion in 2019.
* As per a report by NITI Aayog and RMI India, the electric vehicles financing industry in India is projected to grow to ~ US$ 50 billion by 2030.
* In the first half of FY21, India received ~US$ 30 billion worth of funds through foreign direct investment, a 15% increase over the same period last year.
* On November 19, 2021, Prime Minister, Mr. Narendra Modi laid the foundation stone for the Uttar Pradesh Defence Industrial Corridor project worth Rs. 400 crore (US$ 53.73 million) in Jhansi.
* In September 2021, the government approved PLI scheme worth Rs. 26,058 crore (US$ 3.53 billion) for auto industry and drone industry to boost India’s manufacturing capabilities.
* In May 2021, the government approved a PLI scheme worth Rs. 18,000 crore (US$ 2.47 billion) for production of advanced chemical cell (ACC) batteries.
* Increasing share of young working population.
* India has potential to become a global manufacturing hub and by 2030, it can add more than US$ 500 billion annually to the global economy.
- Tamil Nadu
- Andhra Pradesh
- Uttar Pradesh
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