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Indias Maintenance Economy Can Unlock 1 Percent GDP Growth
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News18•07-10-2026, 19:00
Indias Maintenance Economy Can Unlock 1 Percent GDP Growth
- •Industry leaders at MRAM Expo 2026 stated that India's maintenance economy could unlock a 1 percent GDP opportunity by recovering productivity lost to equipment breakdowns and unplanned downtime.
- •A NITI Aayog report recommends AI-based predictive maintenance, digital twins, and remote monitoring to build reliable and resilient infrastructure for Viksit Bharat.
- •An ABB global survey revealed that 88 percent of Indian industrial businesses experienced an unplanned outage at least once a month, with average costs estimated at nearly Rs 70 lakh per hour.
- •The Indian Asset Performance Management market is estimated at USD 810.6 million in 2024 and is projected to reach USD 2.25 billion by 2033.
Key Questions Answered
India's maintenance economy can unlock a 1 percent GDP opportunity by recovering productivity lost due to equipment breakdowns, unplanned downtime, inefficient assets, and premature replacement.
An ABB global survey found that 88 percent of Indian industrial businesses experienced an unplanned outage at least once a month, with the cost estimated at nearly Rs 70 lakh per hour.
The Indian Asset Performance Management market is estimated at USD 810.6 million in 2024 and is projected to reach USD 2.25 billion by 2033, with a compound annual growth rate of around 12 percent.
