A report by Ionic Wealth suggests India must accelerate AI, industrial automation, and frontier technologies to achieve its manufacturing potential. The 'Make-in-India Upgrade' report highlights a potential USD 7.4 trillion manufacturing GDP gap by 2047 if current trends continue, falling short of the Viksit Bharat vision. Key recommendations include AI-led innovation, automation, and digitization to enhance global competitiveness. The report acknowledges existing foundational reforms and recent large investments as positive indicators of progress.