Though India has emerged as the fastest-growing major economy over the past few years, its growth has primarily been driven by its services sector which contributes close to 55 per cent to the country's GDP compared to the manufacturing sector whose share in the GDP has stagnated at around 16 per cent. The government has also shared its intention of turning India into a manufacturing powerhouse and raising the share of manufacturing in India's Gross Domestic Product (GDP) to 20 per cent by 2025. (Authored by Anurag Singh, MD and Auto Sector Lead, Primus Partners)