Ipsos Publications

India’s Engineering Industry

Engineering is India's largest industrial segment and accounts for nearly 3-4 per cent of the country's economy. It has grown by an annual average of 12 per cent for the past five years on the back of higher investment in infrastructure development and industrial production, new government initiatives, such as allowing 100 per cent foreign ownership of firms within the sector, and lowering customs duty. In this Research Note from Ipsos Business Consulting, we highlight key trends, drivers, opportunities and challenges facing India’s engineering industry.