‘The Manufacturing Opportunity’ by ‘Nilesh Shah’ published in ‘The Indian Express’
Nilesh Shah, Pankaj Tibrewal write: A judicious mix of protection and incentives has helped expand India’s manufacturing base. That model must be expanded to more sectors.
India and China had similar per capita GDP in 1983. However, Chinese per capita GDP will be five times that of India’s in 2022. Manufacturing and exports have played a significant role in the Chinese economy, transiting it from lower to higher per capita GDP.