India is planning new factory clusters, structural reforms, and incentives to strengthen manufacturing and counter the impact of US tariffs. The measures aim to create jobs, boost exports, and expand domestic consumption, while pushing India toward its $10 trillion economy goal by 2047.

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• Govt discussing factory clusters near ports, roads, rail hubs
• Focus on jobs, exports, domestic demand growth
• GST tweaks, new manufacturing incentives under review
• New PLI schemes for mining, construction machinery planned
• Priority sectors: engineering, electronics, textiles, steel, construction
• Reform Task Force set up after Modi’s August 15 speech
• Manufacturing growth slowing: 3.8% in FY26 vs 4.3% FY25
• US tariffs at 50% hurting Indian exports, demand cooling
• Cluster-based model to cut costs, improve logistics efficiency
• Long-term goal: resilient, globally competitive “Viksit Bharat” economy