National Manufacturing Mission: How it can boost MSMEs
India is rolling out its National Manufacturing Mission (NMM) in June 2025, aiming to raise manufacturing's share of the economy from about 16% now to 25% by 2047.
The plan brings together central and state efforts, with a special focus on supporting MSMEs—basically, helping smaller businesses grow alongside big industries.
NMM isn't just about factories
NMM isn't just about factories—it's about jobs, tech, and cleaner energy for the future.
The mission puts clean-tech front and center (think solar panels, EV batteries, wind turbines), so India can rely less on imports and more on homegrown innovation.
There's also a push for skill-building in labor-heavy sectors like footwear and leather.
If it works, NMM could help raise manufacturing's share of GDP to 25% by 2047—opening up new opportunities for young people looking to build careers or startups in India's evolving economy.