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It also highlighted in its latest research report, titled ‘India Forward: Transformative Perspectives’, that India is ramping up its push for alternative energy to build a cleaner, self-reliant transport future in which biofuels will play a central role. This push offers a triple win for the country through strengthening energy security, lowering greenhouse gas emissions, and enhancing rural incomes, the report said. India is well-positioned to capitalise on shifting global trade dynamics and cooperation trends, with its economy set to become the world’s third-largest by FY31, S&P Global added. Also read: What is India’s advantage in the global trade reset amid US’s tariff flip-flops? Over the past three decades, India has grown significantly in scale and international influence, the reported noted. Its core sectors—manufacturing, agriculture and services—have grown in step with demographic shifts and structural changes, and will see demand grow as the economy advances, it said. Meanwhile, an analysis of S&P Global Market Intelligence’s Strategic Opportunity Index shows India has made notable gains in competitiveness, especially in attracting global investment to its manufacturing sector. \"Energy will be a key thread that will enable the performance and viability of all sectors in India,\" the report said. \"Cross-cutting themes will span security and reliability, in the larger framework of a more market-oriented and globally integrated economy,\" it added. Manufacturing growth hit 10-month high in April The latest report from S&P Global comes after India’s manufacturing sector expanded at its fastest pace in 10 months in April, driven by strong demand and a sharp rise in output. The HSBC India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 58.2 in April from 58.1 in March and 56.3 in February. The index was at 57.7 in January and 56.4 in December. A reading above 50 indicates an expansion, and below 50 a contraction. The survey said growth momentum in the Indian manufacturing industry improved in April, with output increasing at the fastest pace since June 2024 on the back of a strong expansion in order books. \"An analysis of S&P Global Market Intelligence’s SOI over time indicates that India has made notable progress in enhancing its competitiveness and making its manufacturing sector more attractive to investors,\" the report said. Where India lags However, India continues to lag in the resource availability momentum score, registering 69.4 out of 100. This score measures the cost and availability of two key inputs: labour and finance. \"This is primarily due to the relatively low score of the labour component (50 out of 100), as the availability of labour with the required skills for value-added manufacturing remains a significant challenge that hinders India’s competitiveness,\" the report said. Also read: Why the continued neglect of migrant workers will derail India’s growth story \"The targeted skill development initiatives (e.g., for semiconductors and solar photovoltaic cell manufacturing) underway may take some time to translate into an improvement in the score,\" it added. Rising oil exploration on the horizon The S&P Global report said the Oilfields (Regulation and Development) Amendment Bill, 2024 and other anticipated regulatory changes come at an opportune time for India amid increasing global uncertainty, with the government and national oil companies looking to ensure growth while improving revenue prospects. Meanwhile, with exploration activity dwindling around the world, many producers are looking at India, which presents an investment opportunity as a major growth market. \"The global narrative in energy markets is shifting closer to what India has always pursued – an ‘all-of-the-above’ approach. The government and its state-owned national oil companies alike are looking to plug mismatches in supply and revenue,\" the report said. \"S&P Global Commodity Insights notes that India has a consistent decline in liquids production, while its gas markets are expected to grow significantly,\" it added. Also read: Centre may cap deficit at 4.4% despite trade, border wars The report pointed out that the diversifying India’s energy regulatory environment will also be important, especially as it seeks to draw investors in areas such as renewable and nuclear energy. \"Looking forward, how India prepares for potential supply-chain disruption will be an indicator to watch. The largely benign global oil price environment rewards India’s import strategy, but energy security now goes beyond physical supply security,\" it added. 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mobileAdSlots : desktopAdSlots; apsBidding(adSlots); googletag.cmd.push(function () { adSlots.forEach((slot) => { if (slot.slotID === "div-gpt-ad-1563523880960-0") { if (!window.isInIndia) { window.defineAndRefreshSlot(slot, false); } else { window.scrollHandler = window.stickyAdScrollHandler(slot); window.addEventListener("scroll", window.scrollHandler, { passive: true }); } } else { let adSlot; if (slot.sizes) { adSlot = googletag .defineSlot(slot.slotName, slot.sizes, slot.slotID) .addService(googletag.pubads()); } else { adSlot = googletag .defineOutOfPageSlot(slot.slotName, slot.slotID) .addService(googletag.pubads()); } refreshAdSlot.push(adSlot); } }); pwtBidding(); setTimeout(() => initAdserverNew(true), 1000); }); } window.adsTargeting = adsTargeting; window.defineAdSlots = defineAdSlots; })(); </script><div class="whiteOverlay2"></div><div class="containerNew clearfix"><div class="midSec ga-tracking " id="box_11747654232132" data-weburl="/economy/india-manufacturing-growth-s-p-global-india-report-global-investors-india-manufacturing-alternative-energy-india-11747654232132.html" data-keyword="india manufacturing growth,s&p global india report,global investors india manufacturing,indian manufacturing,alternative energy india,biofuels india,india third largest economy fy31,india manufacturing pmi,make in india initiative,skill development india manufacturing,oil exploration india,india energy security,india energy regulation,supply chain disruption india,india trade dynamics" data-vars-cardtype="card" data-vars-storyid="11747654232132" data-vars-storytype="story" data-vars-pos="vertical" data-vars-section="Economy" data-vars-agency="" data-vars-firstpublisheddate="2025-05-19T17:27:55+05:30" data-vars-subsection="" data-vars-inlineads="false" data-vars-orderid="1"><div class="storyPage_storyBox__9iWpG storyBoxSchema"><div class="storyPage_midContentContainer__Yjnzr storyPage_echoBlock__7Po__"><div id="LM_Web_TopSticky_BTF"></div></div><div id="start-of-story" style="height:0;width:100%;overflow:hidden"></div><h1 id="article-0">India’s manufacturing sector is gaining global traction, says S&P Global</h1><h2 class="storyPage_summary__K7jOt">India is well-positioned to capitalise on shifting global trade dynamics and cooperation trends, with its economy set to become the world’s third-largest by FY31, S&P Global added.</h2><div class="storyPage_authorSocial__z7nHm"><div class="storyPage_authorInfo__Dj3b4"><div class="storyPage_authorDesc__cKKWd"> <a href="https://www.livemint.com/authors/rhik-kundu"><strong>Rhik Kundu</strong></a><div class="storyPage_date__iM8Kb storyPage_top__ekvKg">Published<span>19 May 2025, 05:27 PM IST</span></div></div></div><div id="shareBar_11747654232132" class="storyPage_echoLink__dBNjc"></div></div><div id="adfreeDivMobile" class="jsx-c2404695f17aafc5 mobileAd"><div id="pushDownAd" class="jsx-c2404695f17aafc5 sticky-ad-slot adHolder adHolderTop"><div id="div-gpt-ad-1536154373501-0" class="jsx-c2404695f17aafc5"></div></div></div><figure><img src="https://www.livemint.com/lm-img/img/2025/05/19/600x338/2-0-547737592-panasonic--by-priyanka-03-0_1680595220462_1747655594398.JPG" alt="India’s manufacturing sector expanded at its fastest pace in 10 months in April, driven by strong demand and a sharp rise in output. Photo: Priyanka Parashar/Mint" width="655" height="368" title="" sizes="" class=""/></figure><figure><figcaption>India’s manufacturing sector expanded at its fastest pace in 10 months in April, driven by strong demand and a sharp rise in output. Photo: Priyanka Parashar/Mint</figcaption></figure><div class="storyPage_storyContent__3xuFc"><div id="article-index-0" class="storyParagraph"><p>New Delhi: India’s manufacturing sector is emerging as an increasingly attractive destination for global investors, with the country making notable progress in enhancing its competitiveness and making its manufacturing sector more attractive to global investors, S&P Global said on Monday.</p></div><div id="article-index-1" class="storyParagraph"><p>It also highlighted in its latest research report, titled ‘India Forward: Transformative Perspectives’, that India is ramping up its push for alternative energy to build a cleaner, self-reliant transport future in which biofuels will play a central role. This push offers a triple win for the country through strengthening energy security, lowering greenhouse gas emissions, and enhancing rural incomes, the report said.</p></div><div id="article-index-2" class="storyParagraph"><p>India is well-positioned to capitalise on shifting global trade dynamics and cooperation trends, with its economy set to become the world’s third-largest by FY31, S&P Global added.</p></div><div id="article-index-3" class="storyParagraph"><p>Also read: <a class="backlink" target="_blank" href="https://www.livemint.com/economy/what-is-india-s-advantage-in-the-global-trade-reset-amid-us-s-tariff-flipflops-11747571155820.html" data-vars-page-type="story" data-vars-link-type="Manual" data-vars-anchor-text="What is India’s advantage in the global trade reset amid US’s tariff flip-flops?">What is India’s advantage in the global trade reset amid US’s tariff flip-flops?</a></p></div><div id="article-index-4" class="storyParagraph"><p>Over the past three decades, India has grown significantly in scale and international influence, the reported noted. Its core sectors—manufacturing, agriculture and services—have grown in step with demographic shifts and structural changes, and will see demand grow as the economy advances, it said.</p></div><div id="article-index-5" class="storyParagraph"><p>Meanwhile, an analysis of S&P Global Market Intelligence’s Strategic Opportunity Index shows India has made notable gains in competitiveness, especially in attracting global investment to its manufacturing sector.</p></div><div id="article-index-6" class="storyParagraph"><p>"Energy will be a key thread that will enable the performance and viability of all sectors in India," the report said. "Cross-cutting themes will span security and reliability, in the larger framework of a more market-oriented and globally integrated economy," it added.</p></div><div id="article-index-7" class="storyParagraph"><h2><strong>Manufacturing growth hit 10-month high in April</strong></h2><p>The latest report from S&P Global comes after India’s manufacturing sector expanded at its fastest pace in 10 months in April, driven by strong demand and a sharp rise in output.</p></div><div id="article-index-8" class="storyParagraph"><p>The HSBC India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 58.2 in April from 58.1 in March and 56.3 in February. The index was at 57.7 in January and 56.4 in December. A reading above 50 indicates an expansion, and below 50 a contraction.</p></div><div id="article-index-9" class="storyParagraph"><p>The survey said growth momentum in the Indian manufacturing industry improved in April, with output increasing at the fastest pace since June 2024 on the back of a strong expansion in order books.</p></div><div id="article-index-10" class="storyParagraph"><p>"An analysis of S&P Global Market Intelligence’s SOI over time indicates that India has made notable progress in enhancing its competitiveness and making its manufacturing sector more attractive to investors," the report said.</p></div><div id="article-index-11" class="storyParagraph"><h2>Where India lags</h2><p>However, India continues to lag in the resource availability momentum score, registering 69.4 out of 100. This score measures the cost and availability of two key inputs: labour and finance.</p></div><div id="article-index-12" class="storyParagraph"><p>"This is primarily due to the relatively low score of the labour component (50 out of 100), as the availability of labour with the required skills for value-added manufacturing remains a significant challenge that hinders India’s competitiveness," the report said.</p></div><div id="article-index-13" class="storyParagraph"><p>Also read: <a class="backlink" target="_blank" href="https://www.livemint.com/economy/why-the-continued-neglect-of-migrant-workers-will-derail-india-s-growth-story-11747360122337.html" data-vars-page-type="story" data-vars-link-type="Manual" data-vars-anchor-text="Why the continued neglect of migrant workers will derail India’s growth story">Why the continued neglect of migrant workers will derail India’s growth story</a></p></div><div id="article-index-14" class="storyParagraph"><p>"The targeted skill development initiatives (e.g., for semiconductors and solar photovoltaic cell manufacturing) underway may take some time to translate into an improvement in the score," it added.</p></div><div id="article-index-15" class="storyParagraph"><h2><strong>Rising oil exploration on the horizon</strong></h2><p>The S&P Global report said the Oilfields (Regulation and Development) Amendment Bill, 2024 and other anticipated regulatory changes come at an opportune time for India amid increasing global uncertainty, with the government and national oil companies looking to ensure growth while improving revenue prospects.</p></div><div id="article-index-16" class="storyParagraph"><p>Meanwhile, with exploration activity dwindling around the world, many producers are looking at India, which presents an investment opportunity as a major growth market.</p></div><div id="article-index-17" class="storyParagraph"><p>"The global narrative in energy markets is shifting closer to what India has always pursued – an ‘all-of-the-above’ approach. The government and its state-owned national oil companies alike are looking to plug mismatches in supply and revenue," the report said.</p></div><div id="article-index-18" class="storyParagraph"><p>"S&P Global Commodity Insights notes that India has a consistent decline in liquids production, while its gas markets are expected to grow significantly," it added.</p></div><div id="article-index-19" class="storyParagraph"><p>Also read: <a class="backlink" target="_blank" href="https://www.livemint.com/economy/fy26-fiscal-deficit-centre-global-rbi-headwinds-pakistan-global-trade-tensions-imf-defence-spending-sindoor-gdp-economy-11747369206950.html" data-vars-page-type="story" data-vars-link-type="Manual" data-vars-anchor-text="Centre may cap deficit at 4.4% despite trade, border wars">Centre may cap deficit at 4.4% despite trade, border wars</a></p></div><div id="article-index-20" class="storyParagraph"><p>The report pointed out that the diversifying India’s energy regulatory environment will also be important, especially as it seeks to draw investors in areas such as renewable and nuclear energy.</p></div><div id="article-index-21" class="storyParagraph"><p>"Looking forward, how India prepares for potential supply-chain disruption will be an indicator to watch. The largely benign global oil price environment rewards India’s import strategy, but energy security now goes beyond physical supply security," it added.</p></div><div id="end-of-story-0" style="height:0;width:100%;overflow:hidden"></div></div><div id="benefitText_11747654232132" style="display:block"></div><div style="display:block"><div class="storyPage_seoTxtContainer__3pzYQ "><div class="storyPage_keywordsContainer__VKBlz"><div class="storyPage_keywords__YE0O2"><a href="https://www.livemint.com/topic/manufacturing">Manufacturing</a><a href="https://www.livemint.com/topic/indian-economy">Indian Economy</a></div><span class="storyPage_getLatest__KB3sc"><sup>Get Latest real-time updates</sup></span></div><div class="storyPage_seoTxt__fTDfi" id="seoText"><p>Catch all the <a href="https://www.livemint.com/">Business News </a>, <a href="https://www.livemint.com/economy" > Economy news </a>, <a href="https://www.livemint.com/news">Breaking News </a>Events and<a href="https://www.livemint.com/latest-news">Latest News</a> Updates on Live Mint. 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with the country making notable progress in enhancing its competitiveness and making its manufacturing sector more attractive to global investors, S\u0026amp;P Global said on Monday.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003eIt also highlighted in its latest research report, titled ‘India Forward: Transformative Perspectives’, that India is ramping up its push for alternative energy to build a cleaner, self-reliant transport future in which biofuels will play a central role. This push offers a triple win for the country through strengthening energy security, lowering greenhouse gas emissions, and enhancing rural incomes, the report said.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003eIndia is well-positioned to capitalise on shifting global trade dynamics and cooperation trends, with its economy set to become the world’s third-largest by FY31, S\u0026amp;P Global added.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003eAlso read: \u003ca class=\"backlink\" target=\"_blank\" href=\"https://www.livemint.com/economy/what-is-india-s-advantage-in-the-global-trade-reset-amid-us-s-tariff-flipflops-11747571155820.html\" data-vars-page-type=\"story\" data-vars-link-type=\"Manual\" data-vars-anchor-text=\"What is India’s advantage in the global trade reset amid US’s tariff flip-flops?\"\u003eWhat is India’s advantage in the global trade reset amid US’s tariff flip-flops?\u003c/a\u003e\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003eOver the past three decades, India has grown significantly in scale and international influence, the reported noted. Its core sectors—manufacturing, agriculture and services—have grown in step with demographic shifts and structural changes, and will see demand grow as the economy advances, it said.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003eMeanwhile, an analysis of S\u0026amp;P Global Market Intelligence’s Strategic Opportunity Index shows India has made notable gains in competitiveness, especially in attracting global investment to its manufacturing sector.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003e\"Energy will be a key thread that will enable the performance and viability of all sectors in India,\" the report said. \"Cross-cutting themes will span security and reliability, in the larger framework of a more market-oriented and globally integrated economy,\" it added.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003ch2\u003e\u003cstrong\u003eManufacturing growth hit 10-month high in April\u003c/strong\u003e\u003c/h2\u003e\u003cp\u003eThe latest report from S\u0026amp;P Global comes after India’s manufacturing sector expanded at its fastest pace in 10 months in April, driven by strong demand and a sharp rise in output.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003eThe HSBC India Manufacturing Purchasing Managers’ Index (PMI), compiled by S\u0026amp;P Global, rose to 58.2 in April from 58.1 in March and 56.3 in February. The index was at 57.7 in January and 56.4 in December. A reading above 50 indicates an expansion, and below 50 a contraction.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003eThe survey said growth momentum in the Indian manufacturing industry improved in April, with output increasing at the fastest pace since June 2024 on the back of a strong expansion in order books.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003e\"An analysis of S\u0026amp;P Global Market Intelligence’s SOI over time indicates that India has made notable progress in enhancing its competitiveness and making its manufacturing sector more attractive to investors,\" the report said.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003ch2\u003eWhere India lags\u003c/h2\u003e\u003cp\u003eHowever, India continues to lag in the resource availability momentum score, registering 69.4 out of 100. This score measures the cost and availability of two key inputs: labour and finance.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003e\"This is primarily due to the relatively low score of the labour component (50 out of 100), as the availability of labour with the required skills for value-added manufacturing remains a significant challenge that hinders India’s competitiveness,\" the report said.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003eAlso read: \u003ca class=\"backlink\" target=\"_blank\" href=\"https://www.livemint.com/economy/why-the-continued-neglect-of-migrant-workers-will-derail-india-s-growth-story-11747360122337.html\" data-vars-page-type=\"story\" data-vars-link-type=\"Manual\" data-vars-anchor-text=\"Why the continued neglect of migrant workers will derail India’s growth story\"\u003eWhy the continued neglect of migrant workers will derail India’s growth story\u003c/a\u003e\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003e\"The targeted skill development initiatives (e.g., for semiconductors and solar photovoltaic cell manufacturing) underway may take some time to translate into an improvement in the score,\" it added.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003ch2\u003e\u003cstrong\u003eRising oil exploration on the horizon\u003c/strong\u003e\u003c/h2\u003e\u003cp\u003eThe S\u0026amp;P Global report said the Oilfields (Regulation and Development) Amendment Bill, 2024 and other anticipated regulatory changes come at an opportune time for India amid increasing global uncertainty, with the government and national oil companies looking to ensure growth while improving revenue prospects.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003eMeanwhile, with exploration activity dwindling around the world, many producers are looking at India, which presents an investment opportunity as a major growth market.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003e\"The global narrative in energy markets is shifting closer to what India has always pursued – an ‘all-of-the-above’ approach. The government and its state-owned national oil companies alike are looking to plug mismatches in supply and revenue,\" the report said.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003e\"S\u0026amp;P Global Commodity Insights notes that India has a consistent decline in liquids production, while its gas markets are expected to grow significantly,\" it added.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003eAlso read: \u003ca class=\"backlink\" target=\"_blank\" href=\"https://www.livemint.com/economy/fy26-fiscal-deficit-centre-global-rbi-headwinds-pakistan-global-trade-tensions-imf-defence-spending-sindoor-gdp-economy-11747369206950.html\" data-vars-page-type=\"story\" data-vars-link-type=\"Manual\" data-vars-anchor-text=\"Centre may cap deficit at 4.4% despite trade, border wars\"\u003eCentre may cap deficit at 4.4% despite trade, border wars\u003c/a\u003e\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003eThe report pointed out that the diversifying India’s energy regulatory environment will also be important, especially as it seeks to draw investors in areas such as renewable and nuclear energy.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false},{"id":11747654231517,"articleType":"element","name":"paragraph","title":"","type":"paragraph","subType":null,"paywallElement":false,"firstPublishedDate":"2025-05-19T12:00:27+0000","paragraph":{"body":"\u003cp\u003e\"Looking forward, how India prepares for potential supply-chain disruption will be an indicator to watch. The largely benign global oil price environment rewards India’s import strategy, but energy security now goes beyond physical supply security,\" it added.\u003c/p\u003e"},"bgParaColor":{"name":"","code":""},"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false}],"amazonAds":null,"flipkartAds":null,"cromaAds":null,"containAffiliateEmbed":false,"affiliateEmbedHeadline":false,"headline":"India’s manufacturing sector is gaining global traction, says S\u0026amp;P Global","summary":"India is well-positioned to capitalise on shifting global trade dynamics and cooperation trends, with its economy set to become the world’s third-largest by FY31, S\u0026amp;P Global added.","quickReadSummary":"","mobileHeadline":"India’s manufacturing sector is gaining global traction, says S\u0026amp;P Global","leadMedia":{"id":null,"mediaType":"","elements":[11747655578882],"image":{"images":{"600x338":"https://www.livemint.com/lm-img/img/2025/05/19/600x338/2-0-547737592-panasonic--by-priyanka-03-0_1680595220462_1747655594398.JPG","325x325":null,"mediumImage":"https://www.livemint.com/lm-img/img/2025/05/19/250x250/2-0-547737592-panasonic--by-priyanka-03-0_1680595220462_1747655594398.JPG","bigImage":"https://www.livemint.com/lm-img/img/2025/05/19/600x338/2-0-547737592-panasonic--by-priyanka-03-0_1680595220462_1747655594398.JPG","1600x900":"https://www.livemint.com/lm-img/img/2025/05/19/1600x900/2-0-547737592-panasonic--by-priyanka-03-0_1680595220462_1747655594398.JPG","140x140":"https://www.livemint.com/lm-img/img/2025/05/19/140x140/2-0-547737592-panasonic--by-priyanka-03-0_1680595220462_1747655594398.JPG","900x1600":"https://www.livemint.com/lm-img/img/2025/05/19/original/2-0-547737592-panasonic--by-priyanka-03-0_1680595220462_1747655594398.JPG","248x186":null,"270x480":null,"sitemapImage":"https://www.livemint.com/lm-img/img/2025/05/19/1600x900/2-0-547737592-panasonic--by-priyanka-03-0_1680595220462_1747655594398.JPG","optimize":"https://www.livemint.com/lm-img/img/2025/05/19/optimize/2-0-547737592-panasonic--by-priyanka-03-0_1680595220462_1747655578483.JPG","thumbnailImage":"https://www.livemint.com/lm-img/img/2025/05/19/90x90/2-0-547737592-panasonic--by-priyanka-03-0_1680595220462_1747655594398.JPG","fullImage":"https://www.livemint.com/lm-img/img/2025/05/19/960x540/2-0-547737592-panasonic--by-priyanka-03-0_1680595220462_1747655594398.JPG"},"caption":"India’s manufacturing sector expanded at its fastest pace in 10 months in April, driven by strong demand and a sharp rise in output. Photo: Priyanka Parashar/Mint","name":"","alternateText":"","imageCredit":"","overImage":false,"verticalImage":false,"width":3659,"height":2591,"imageUrl":""},"video":null},"timeToRead":3,"introBody":"","related":[],"showRelated":false,"paywallElement":false,"twoLinerText":"Catch all the \u003ca href=\"https://www.livemint.com/\"\u003eBusiness News \u003c/a\u003e, \u003ca href=\"https://www.livemint.com/economy\" \u003e Economy news \u003c/a\u003e, \u003ca href=\"https://www.livemint.com/news\"\u003eBreaking News \u003c/a\u003eEvents and\u003ca href=\"https://www.livemint.com/latest-news\"\u003eLatest News\u003c/a\u003e Updates on Live Mint. 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