According to the National Manufacturing Policy, the manufacturing sector is estimated to account for 25% of the GDP by 2025 in India.

The National Manufacturing Policy says that sector will record about 12-14% growth while creating 100 million jobs in the country, turning it into a major manufacturing base.

Ajay Shankar, Secretary, National Manufacturing Competitiveness Council said, "If you look at the past, you see that we had touched 12-14% growth in a few short periods. The challenge is to make it steady and sustainable for 10 years. I think this is very much doable."

He said that the government is optimistic about this sector because firms across various industries have shown that they are globally competitive. He was speaking at the Confederation of Indian Industry’s (CII) 10th Manufacturing Summit 2011 in Mumbai. The theme of the industry body’s event was "Indian Manufacturing at a Point of Inflection: Challenges and Responses."

Mr Shankar also added that the National Manufacturing Policy has noted that the land is an issue in the development of the manufacturing sector in India and has thus recommended building land banks for firms.