These days India's manufacturing is the buzzing story. Companies around the world are getting interested to establish their manufacturing units in India. Today's business standard has a story about mobile companies, which are going to raise their manufacturing capacities in India up to 640% from now.
Mobile companies are not alone in this race many companies are inclined toward India after HSBC Showed manufacturing in India is growing, on the other hand Manufacturing in China and US is shrinking.
Automobile sector is also showing some growth in manufacturing led by the improving exports.
Growth in manufacturing will diversify the growth portfolio of India and will provide cushion to service sector in growth ahead.
Stocks of manufacturing companies will get support from this trend and if India will be able to capitalise on this opportunity, complete Economy will reap benefits of it due to increased cash inflow and better employment opportunities.
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