The significance of railway subsystems in the mobility sector reflects India's burgeoning prospects in new-age manufacturing. A few years ago, the government showcased India's diverse tourism potential, and now, under the 'Make in India' initiative, it aims to catalyze a manufacturing revolution. India finds itself economically opportune, with geopolitical dynamics, policy priorities, and heightened economic aspirations aligning to propel the imminent manufacturing revolution.

Prime Minister Narendra Modi envisions propelling India into a $5 trillion economy swiftly, a goal supported by forecasts from global entities like the International Monetary Fund (IMF), anticipating India's achievement of the $5 trillion milestone by 2027, positioning the nation as the world's third-largest economy. However, to realize this vision, manufacturing must serve as the primary catalyst for growth. Despite this, India faces structural challenges, as the manufacturing sector constitutes less than 20% of the GDP, with the country predominantly relying on agrarian and increasingly service-oriented economic activities. A transformative shift in this composition is imperative.

The current geopolitical landscape, marked by weaponized supply chains and strategies such as the renowned China +1 approach, presents India with a distinctive opportunity. In response to these dynamics, fiscal incentives and policy facilitation measures like the Production-Linked Incentive (PLI) and the Performance-Linked Incentive (PLI) become strategically sensible, fostering an environment conducive to manufacturing growth.