India climbs global manufacturing rankings amid China+1 shift
India is strengthening its position as one of the world's leading manufacturing destinations, emerging as a major beneficiary of the global China Plus One strategy and the ongoing realignment of supply chains, according to a new study by the Associated Chambers of Commerce and Industry of India.
India's average manufacturing growth rose from 3.44% in the pre-pandemic period (2016-19) to 4.15% in 2022-25, moving from below the global average to nearly two percentage points above the world benchmark, according to the ASSOCHAM report
The analysis, which covers the world's 10 largest manufacturing economies accounting for nearly 65% of global manufacturing output, found that India has emerged as one of the "Emerging Manufacturing Leaders " by significantly improving its manufacturing performance relative to the global average in the post-pandemic period.
According to the report, before the pandemic, only China, Mexico and Russia recorded manufacturing growth above the global average. In the post-pandemic period, India joined the United States, France, Germany, Italy and the United Kingdom in outperforming the global benchmark.
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