India's Manufacturing Push Faces Value Addition Test, Deloitte Says

India is making more products and selling more of them to other countries.

Romal Shetty of Deloitte says India could become a very large manufacturing country.

He says successful companies must earn profits and manage their money carefully, not just build more factories.

India has done well in areas such as electronics, cars, medicines and defence.

However, many parts and materials are still brought from outside India.

Companies need to make more of the product themselves and invest in research and technology.

Smaller businesses also need to become stronger suppliers.

Government incentives have helped companies grow, but businesses must eventually compete without depending on those payments.

Shetty believes India has enough entrepreneurs, customers and technical talent to succeed.