Can India try to increase its presence in manufacturing because it will give us jobs today? Or should it try and increase market share in the growing services sector? Against the backdrop of Make in India and growing conversations around a China+1 strategy, Anupriya Mohta and Sridhar Krishna question if manufacturing presents an opportunity today?
Readings:
The world is in the grip of a manufacturing delusion, The Economist
Global manufacturing scorecard: How the US compares to 18 other nations, Brookings Institution
Global decline in manufacturing, Statsta
Like it or not, future of Indian economy will have to be built on services, not manufacturing, The Print
Why India’s economy needs a manufacturing push, India Today
A Silver Lining That Could Turn into Gold, Raghuram Rajan
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