Sector Snapshot · Diversified

Manufacturing Broadens Its Base Across India

A fast-read primer on India's broader manufacturing landscape — the backdrop against which we benchmark every company's cost structure in this category.

17%

Manufacturing's contribution to India's GDP

Rs 51.52 lakh cr

Manufacturing sector output, FY26

9.13%

Manufacturing GVA growth, Q2 FY26

Rs 69.76 lakh cr

India's total exports, FY25 (record)

Rs 1.91 lakh cr

PLI scheme outlay across 14 sectors

Growth Is Accelerating and Broad-Based

Manufacturing GVA growth picked up through the year, alongside record overall export performance.

Manufacturing GVA Growth

Q1 FY26 → Q2 FY26

7.72%

Q1 FY26

9.13%

Q2 FY26

Overall GDP Growth

Q1 FY26 → Q2 FY26

7.8%

Q1 FY26

8.2%

Q2 FY26

What's Pushing the Sector Forward

Structural transformation, global hub ambitions, and heavy policy backing define this base.

Structural Growth

Manufacturing contributes ~17% to GDP
Medium/high-tech industries now make up 46.3% of manufacturing value added

Global Hub Potential

3rd-largest wind manufacturing hub, targeting 10% of global demand by 2030
Data centre capacity to reach 1.7-2.0 GW by 2026

Policy & Investment

PLI schemes (Rs1.91 lakh crore outlay, 14 sectors)
Schemes have driven Rs2.16 lakh crore in investment and 14.39 lakh jobs

Recent Developments

A sample of the industry-wide and policy moves shaping the sector through early 2026.

→ India's manufacturing GVA growth accelerated to 9.13% in Q2 FY26, from 7.72% in Q1.
→ India's total exports hit a record Rs 69.76 lakh crore (US$825.30bn) in FY25, up 6.1% YoY.
→ PLI schemes have generated investments exceeding Rs 2.16 lakh crore and created 14.39 lakh jobs.
→ Smartphone exports became India's top export category, reaching Rs2.54 lakh crore in 2025 (+47.5% YoY).
→ The Index of Industrial Production rose 7.8% in December 2025, its highest in over two years.
→ The Electronics Components Manufacturing Scheme outlay was raised to Rs40,000 crore.

Companies We Benchmark in This Sector

Listed Indian Diversified companies in tDoBe's cost-benchmarking coverage.

Godrej Industries

3M India

DCM Shriram

Balmer Lawrie

TTK Healthcare

Empire Industries

Maheshwari Logistics

Panth Infinity

Krypton Industries

Galactico Corporate

Swasti Vinayaka Art

HCKK Ventures

Billwin Industries

Alexander Stamps

See How These Companies Compare on Cost

The numbers above set the stage. Our Report translates it into a company-by-company cost benchmark — down to the category — so you can see exactly where a business sits against its peers.

Explore the Diversified Report