India Gaining in Manufacturing

Take a poll among commentators and talking heads and you will find that most have the simplistic view that China will be the manufacturing superpower while India will at best be a supercompetitive services provider with little impact on global manufacturing.

India’s manufacturers are beginning to show just how wrong this view is. Why is this happening? The country’s emergence as a manufacturing hub is driven by two powerful forces: improvements in top-down policy and vigorous efforts by corporate India to re-engineer itself in the face of growing competition.

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