Igniting India’s Job Engine: The Untapped Potential of Manufacturing

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There has been a long-standing vision to make India a global manufacturing hub to create millions of jobs. However, considering India’s size and status as one of the world’s fastest-growing economies, it’s perplexing how the potential for job creation and growth in the manufacturing sector has been overlooked for so long. The new government must implement a new industrial policy having decisive measures to address current structural constraints, and reshape India’s manufacturing sector in response to global supply chain shifts. This is crucial for achieving a GDP of $5 trillion and making India the world’s third-largest economy by 2027. It’s...