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India needs double-digit factory growth, Bank of America says

India’s manufacturing sector needs to grow at least 10% annually for 15 years to reach 25% of GDP, Bank of America estimates. That could create a $2.3-trillion manufacturing economy by 2040, but regulatory burdens, high power costs and a shortage of medium-sized firms remain major obstacles.

India needs double-digit factory growth, Bank of America says

We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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