Indian manufacturers see technology adoption as key to profitability, yet allocate less than 10% of budgets

Manufacturers in India recognise technology adoption as crucial for profitability and competitiveness, yet most investments are modest, below 10 per cent of budgets. However, in the next two years, investments are projected to increase to 11-15 per cent, especially in IoT, robotics, and Big Data. Challenges remain, particularly for SMEs, including high costs and the need for workforce upskilling.