Capital Spending Fuels Next‑Generation Manufacturing

New Delhi, July 13 – Record public capital expenditure is unlocking a new growth era for Indian manufacturing. The study identifies a weakening real effective exchange rate, broader global market reach, and a historic surge in infrastructure spending as the trio of growth levers. Since the inception of the first manufacturing‑centric fund in 2020, it has achieved a compound annual growth rate of more than 32 %. The report coins the term “Manufacturing 2.0” for this multi‑driver transformation, pinpointing electronics services, defence export programmes, pharma CDMO output, auto‑ancillary production, and apparel manufacturing as high‑potential segments.