SAN FRANCISCO : Finance Minister Smt. Nirmala Sitharaman on Monday said India plans to increase the share of the manufacturing sector from 12 per cent to 23 per cent over the next two decades, aiming to create jobs and drive economic growth.

India is focussing on 14 identified sunrise sectors like semiconductors, renewable energy components, medical devices, batteries and labour intensive industries, including leather and textile, to enhance the share of manufacturing in GDP, she said while speaking at Hoover Institution at Stanford University California.

For India, ”scaling up manufacturing is essential to absorb . . .