business ๐ข India aims to be a top 4 shipbuilding power
Sanjeev Sanyal stated that India has the potential to become a credible fourth-largest shipbuilding nation over the next decade. This prediction was made by the Prime Ministerโs Economic Advisory Council member at News18 DEFCON 2026. Currently, India contributes less than 1% of global shipbuilding, while China leads with about 55% of the world's ships. Sanyal emphasized that India possesses labor, steel, and design capabilities to expand beyond naval vessels. Sustained private sector investment is needed to achieve this major maritime goal. ๐ข