India's Foundry Industry To Reach USD 42.5 Bn. By 2029: Bharat Foundry 360° Insight 2025 - 2047 Report
Feb 11, 2026
Mumbai (Maharashtra) [India], February 11: India's foundry industry, the world's second-largest casting producer, is thriving. The Indian foundry market that was valued at USD 23.6 billion in 2024, is now projected to reach USD 42.5 billion by 2029, growing at a 9.4% CAGR, significantly outperforming global averages, revealed the 'Bharat Foundry 360° Insight 2025 - 2047 Report' launched on the sidelines of the 74thIndian Foundry Congress (IFC) and Indian Foundry Exhibition (IFEX), 2026, which will be held from 12th to 14th February at NESCO Exhibition Centre in Mumbai. The Institute of Indian Foundrymen (IIF), an apex body of the metal-casting industry hosts the largest foundry event of the year.
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