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India must get its manufacturing policy right this time
Photo: Priyanka Parashar/Mint
Arun Maira
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Two headlines in Mint (17 December 2020) point to a window of opportunity for India to fix a festering problem of its economy. The first: “India in a Deglobalizing World ; and the second: “PLI Wind in Sails for India Inc. India’s manufacturing sector lacks sufficient depth for a large country. Depth in manufacturing provides security against foreign threats; it is the foundation for sustainable competitiveness in international trade; and it provides pathways for wages to rise. India needs all the three and now is the time to address this.