In an industrialised country, the manufacturing industries are the backbone of the national economy, because it is mainly through their activities that the real wealth is created. India 's vast domestic market and relatively low-cost workers with advanced technical skills will make it a manufacturing powerhouse.

Already, more and more multinationals are setting up operations in India . All these companies operate in skill-intensive industries requiring advanced technical expertise -- areas in which India is likely to become a primary sourcing and manufacturing base.