Capital Goods Sectors

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The capital goods sector in India may triple in size over the next decade on the back of the first-ever policy for the sector that aims to create 21 million additional jobs by 2025, according to officials of the ministry of heavy industries and public enterprises. Domestic capital goods manufacturers have been struggling due to the slowdown in the spending for its user sectors like infrastructure. Exports of engineering goods from India have also been on a constant decline for the last few months. “The fall in engineering exports by over 27% for January will have a negative impact on the jobs as well, since the sector is dominated by SMEs with large number of employment