<h1>India's Hand and Power Tool Industry Could Reach $25 Billion in Exports Creating 35 Lakh Jobs by 2035</h1> NITI Aayog launched a report highlighting India's potential to achieve $25 billion in hand and power tool exports over the next decade, potentially creating 35 lakh jobs. The global market, currently valued at $100 billion, is projected to reach $190 billion by 2035. India faces a 14-17% cost disadvantage compared to China due to higher raw material costs and lower productivity. The report recommends developing world-class tool clusters with advanced infrastructure, implementing market reforms to address structural cost disadvantages, and providing bridge cost support. These interventions would strengthen India's position as a global manufacturing hub and contribute significantly to economic growth.