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•88% Informative
India has long been thought of as the world's back-office, while China dominated large-scale manufacturing.
India 's economic focus shifted to a new target when its government declared that manufacturing would spur its economy to high-income status by 2047 .
The central government's launch of the "Make in India " initiative in September 2014 kicked off a move to galvanize efforts in becoming a manufacturing hub.
India 's manufacturing sector still has a long runway before it can help the country realize its vision of becoming a developed nation.
The share of manufacturing in India 's GDP dipped from around 18% in 2012 to 14% in the current fiscal year , recent data shows.
Franklin Templeton's Yi Ping Liao does not see major cause for concern.
The Nifty 50 is now firmly above 25,000 points as the rate cut by the U.S. Federal helped the index to yet another record high.
The index is up just 0.22% for the week but up 17% so far this year .
The benchmark 10-year Indian government bond yield ticked lower this week amid central bank news.
VR Score
92
Informative language
93
Neutral language
71
Article tone
formal
Language
English
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58
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3
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