India has a 1% GDP opportunity. It’s hiding in plain sight
India could unlock a 1% GDP opportunity by reducing productivity losses from equipment breakdowns, unplanned downtime and inefficient assets, industry leaders said at MRAM Expo 2026. With 88% of Indian industrial businesses reporting monthly unplanned outages, experts are pushing predictive, data-driven maintenance to improve output and extend asset life.
India stands to gain a potential 1 percent of its GDP by enhancing industrial equipment and infrastructure maintenance, according to industry leaders at the MRAM Expo 2026. This opportunity lies in transitioning from reactive to predictive, data-driven maintenance systems, which can boost output, prolong asset life and cut costs.
A survey by ABB found that 88 percent of Indian industrial businesses experienced at least one unplanned outage per month, costing a typical business nearly Rs 70 lakh per hour. Only 19 percent of Indian respondents still relied on run-to-fail maintenance. The findings underscore the significant economic cost of unplanned downtime, which can range from factory-level losses to a staggering USD 1.5 trillion annually for the Fortune Global 500.
AI, predictive maintenance and digital technologies are gaining policy support, with NITI Aayog recommending AI-based solutions to create more reliable infrastructure.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
