India is aiming to double its economy to $5 trillion by 2022 with manufacturing and agriculture contributing $1 trillion each.
In September, Prime Minister Narendra Modi had said Indian economy will grow at over 8 percent rate with massive employment generation being seen in IT and retail sectors. Macroeconomic fundamental of the economy are strong, he had said.
In a panel discussion with CNBC-TV18, Ramesh Abhishek, secretary, DIPP;
Pawan Goenka, Managing Director, M&M; Baba Kalyani CMD, Bharat Forge;
D Shivakumar, group executive president, Aditya Birla Group and Piruz Khambatta, chairman and MD, Rasna, shared their views and opinion on how India can boost its manufacturing and become a $1 trillion manufacturing economy.