India plans to double the share of manufacturing in GDP to 23%, leveraging growth in sunrise sectors.
Sunrise Sectors:
Definition: Industries that are new, fast-growing, and have high potential to drive future economic growth, innovation, and employment generation.
Key Features:
High Expansion Rates: Rapid market growth and demand.
Technological Advancement: Heavy reliance on innovation and cutting-edge technologies.
Investment Attraction: Capability to draw substantial capital and skilled talent.
Examples (optional addition if needed for exams):
Renewable Energy
Electric Vehicles
Biotechnology
Artificial Intelligence
Space Technology
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