Page 187 - CW E-Magazine (17-6-2025)

Special Report

producers can pinpoint India’s fastest-
growing sectors, like electronics, chemi-
cals & pharmaceuticals, and transportation
aligning their exports with real industrial
demand.

Fig. 3 shows the production value in
India vs Expected 2025 growth in the MIO
tracker – the largest opportunities are in
the upper-right corner in terms of highest
growth; however most industries are posi-
tive, despite the global economic diffi cul-
ties. At the same time, fi rms eyeing the UK
market can spot openings in pharmaceuti-
Fig. 2: UK MIO value & y-o-y growth (US$) cals, textiles, and consumer goods, guided
likely wants to derisk its supply chains. supply chain resilience, and futureproofs by expansive sector insight rather than
India provides a viable alternative as a sup- market access on both sides. While the guesswork. Whether you’re selling gear-
plier of components, textiles and machi- deal is now concluded, it is not expected boxes to Gujarat or drives to Doncaster,
nery, as well as offering a large potential to come into effect until 2026. Guidance growth is smarter when it’s targeted.
customer base, which is potentially more and operational support for fi rms on both
open to UK goods than China and has a sides of the deal will be required to reap About the MIO Tracker
comparable population size. the full benefi ts. Interact Analysis’ Manufacturing
Industry Output (MIO) Tracker forecasts
With tariffs falling and customs The UK-India trade deal opens the door out to 2028 and covers a total of 45 coun-
streamlined, the UK-India trade deal gives but knowing where to step is everything. tries, across 72 manufacturing end-user
manufacturers a critical foothold in a fast- Using the deep insight available in our sectors, 30 machinery sectors and two
growing industrial economy. It’s a timely Manufacturing Industry Output (MIO) points in the supply chain (machinery and
win that supports export growth, strengthens tracker, manufacturers and component manufacturing end-users).

Fig. 3: India – Production value vs growth scatterplot – 2025

Chemical Weekly June 17, 2025 187

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