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India can double its manufacturing GDP if it manages to unlock potential of value chains: McKinsey

Mumbai: As everyone seems to be focusing on the disruption brought in by Covid pandemic, India could be sitting on a $300 billion opportunity and could actually double its manufacturing gross domestic product in next few years, McKinsey said.

Most companies and sectors in the manufacturing industry have not delivered strong returns on invested capital, said the McKinsey report by Rajat Dhawan and Suvojoy Sengupta.

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