MARCHASIA BUSINESS OUTLOOK19Manufacturing companies are the primary drivers of growth in In-dia, and the market is constantly expanding due to the country's success by developing many products on its own. According to Government of India statistics, manufacturing sector growth went at a CAGR of 7% in the fiscal year 2021 and will contribute US$ 497.14 billion to Gross Value add in 2022. You must be familiar with these companies and their journeys if you want to work or start a business in the manu-facturing sector. The Market leaders not only earned our admiration for their tenacity and determination, but they also dazzled us with their prob-lem-solving techniques.Following the pandemic, the world is clearly witnessing a technolog-ical revolution by the support of some of the most brilliant minds. Today, the ongoing globalization and exponential growth of technological in-tensity have increased the importance and necessity of open innovation, which has been identified as an important component of India's modern-ization. At the same time, due to globalization, the manufacturing indus-try has begun to invest in more open invention in order to improve pro-ductivity and meet customer demands.Finally, as more complex ecosystems of fragmented and concentrat-ed players emerge across a wider range of manufacturing value chains, firms that understand emerging "influence points" that will help gain a significant strategic advantage over the competitors. As Asia Business Outlook begins to curate the "Top 10 Manufacturing Companies in India 2022," it sets the stage for these manufacturing leaders who, with their venture, are not only propelling society towards aggressive growth, but are also acting as aggregators of the smart world, putting forth small steps toward the 5 trillion dollar economy dream.Manufacturing Companies in India 2022TOP 10
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