India forms groups to boost manufacturing

The government of India>>> has formed six sector-specific working groups, chaired by the India — Department for Promotion of Industry and Internal Trade>>>, to identify up to 100 products for promoting domestic manufacturing and reducing import dependence. These groups, which include representatives from various ministries and departments like India — NITI Aayog>>>, will submit their final product lists to the Cabinet Secretariat within three weeks. The objective is to expand manufacturing for both domestic and global markets, thereby reducing foreign exchange outflows that are currently pressuring the India — Indian rupee>>>. This move comes as India>>>'s imports rose 7.5% to USD 775 billion in 2025-26, with major import categories including crude oil, electronic goods, and machinery.