SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Govt needs to focus more on manufacturing sector to maintain 9-10% GDP growth: ASSOCHAM-EY study

13 Sep 2017 Evaluate

In order to maintain a sustained Indian economic growth of 9-10 percent per annum, a joint study carried out by the industry body Associated Chambers of Commerce & Industry of India (ASSOCHAM) and EY have said that the government should focus more on ways to push manufacturing sector growth and it is crucial that the sector grows steadily at 14–15 percent per annum over the next three decades.

The joint report titled ‘Sustaining India’s growth by accelerating manufacturing’ has stated that even though rollout of the Goods and Services Tax (GST) regime has addressed several regulatory issues, state governments must look into the issues like bureaucratic obstacles, obstructive regulations and policies to boost manufacturing sector. Adding further, it noted that manufacturing sector in each Indian state and union territory (UT) has the potential to grow either directly by setting up new industries  or by creating ancillary facilities, infrastructure and necessary forward-backward linkages to existing ones.

The ASSOCHAM-EY study further said that for states, the best way to grow is to focus on industries where a particular state has competitive edge over others in terms of raw material availability, demand, user industries, logistics and availability of skilled manpower, besides geographical location. It also said that the government's Make in India initiative will help elevate country’s manufacturing sector as it aims to increase share of manufacturing in the GDP to 25 percent from current 16 percent and to create 100 million new jobs by 2022.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: