The Gross Value Added (GVA) at basic current prices from the manufacturing sector in India grew at a CAGR of 4.00 per cent during FY12 and FY19 as per the second advance estimates of annual national income published by the Government of India. In FY19, GVA from manufacturing at current prices grew 12.4 per cent year-on-year to Rs 288.56 trillion (US$ 395.89 billion). Under the Make in India initiative, the Government of India aims to increase the share of the manufacturing sector to the gross domestic product (GDP) to 25 per cent by 2022, from 16 per cent, and to create 100 million new jobs by 2022. Business conditions in the Indian manufacturing sector continue to remain positive.