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The Indian Manufacturing fraternity deeply mourns the loss of its visionary leader Shri Ratan Tata whose contribution to the industry has helped the nation claim a highly coveted position in the global manufacturing arena.

Dear Readers, In the rapidly changing environment we live in, things that were once considered sacrosanct are becoming obsolete. Big brands who were market leaders earlier have seen their share dip sharply due to their resistance to change.

India’s economic and manufacturing outlook looks positive for the coming quarters with the International Monetary Fund (IMF) in its latest World Economic Outlook report forecasting growth at 7 percent for FY 25.

According to 2023 data from Deloitte, 84 percent of global C-level business leaders believe that economic growth can be achieved while also reaching sustainability goals.

It has been a year since the Indian Space Research Organisation (ISRO) created history by successfully completing its Chandrayaan-3 mission. With this accomplishment, India became the first country to land on the Moon's south pole, and the fourth to land on its surface, solidifying its global stature in space technology.

Dear Readers, Espousing technologies and solutions across the entire spectrum of manufacturing with optimized resource utilization is imperative for maintaining excellence in business. It is with this aim that the Indian Machine Tool Manufacturers’ Association (IMTMA) is participating in the International Manufacturing Technology Show (IMTS 2024).

A country’s economic growth and prosperity include manufacturing as a key component, and the story is no different for India, where manufacturing is becoming an integral part of its growth.

In the world of manufacturing engineering, tool and fixture design, few names shine as brightly as that of Kurien Paul. A man of unwavering integrity, unparalleled expertise, and unrelenting passion, Kurien left an indelible mark on the industry, inspiring generations of engineers and mentoring countless individuals who went on to become leaders in their own right.

Dear Readers, As the world’s largest democracy and a liberalized economy, India has been faring well in terms of economic growth. Reforms initiated by the Government, a positive business climate, and overall enthusiasm to excel are key factors driving this growth, with an estimated 8 percent GDP growth earmarked for the year 2024-25.

India’s consistent growth, as reflected in the manufacturing PMI of 58.5 in June 2024, depicts a story of optimism and promise. Consumerism in India is being boosted by the Union Government’s efforts in infrastructure development, manufacturing, and economy. The rise in middle to high-income bracket households depicts our acceleration toward becoming a consumer-driven economy.