For any emerging economies, manufacturing is the backbone. Manufacturing is the driving force for developing countries. India is going to be next manufacturing hub as govt. initiatives like make in India, performance linked scheme, China+1, etc. Manufacturing share in GDP targeted to grow by 15-20% by 2030. Manufacturing GDP is at 453 FY23, expected to reach 1281 by FY2030E.
A plan is designed to advice top funds which are predominantly invest in equities, companies engaged in manufacturing activities. Advisable for more than five years of investment horizon.