RENEWED WELCOME THRUST ON CLUSTER DEVELOPMENT
- Credit Rating Agency in India
- Economy Overview
- RENEWED WELCOME THRUST ON CLUSTER DEVELOPMENT
The Union Government’s potential plans to announce new manufacturing clusters in the upcoming budget has evoked considerable interest. These clusters are expected to be strategically located near major infrastructure projects, with the goal of boosting manufacturing growth.
Given the government's increasing capital expenditure on infrastructure, these clusters could play a pivotal role in generating significant employment opportunities and enhancing the manufacturing sector's contribution to India's overall GDP.