India can unlock 1% GDP growth by cutting industrial downtime, experts say

Industry experts at MRAM Expo 2026 have identified a 1% GDP opportunity for India through reducing productivity losses caused by equipment breakdowns, unplanned downtime, and inefficient asset management.

According to leaders speaking at the event, 88% of Indian industrial businesses report experiencing monthly unplanned outages. Experts are advocating for the adoption of predictive, data-driven maintenance strategies to boost output and extend asset lifespan across the manufacturing sector.