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‘Make in India’: The Components of a Manufacturing Strategy for India

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  • Santosh Mehrotra

    (Centre for Labour Studies, Jawaharlal Nehru University)

Abstract

The share of manufacturing in India’s GDP was only 16% in 1991 and has remained stagnant at that level until 2018. Employment in manufacturing has also remained stagnant at under 12.8% of the workforce. One reason is that India has not had a coherent industrial policy in place since 1991. Meanwhile, some 100 countries in the world have adopted industrial policies, especially since the global economic crisis of 2008. The paper begins by spelling out the reasons why India needs an industrial strategy. It goes on to spell out eight elements of what would constitute a manufacturing strategy for India, which would address the concerns of large corporates and small and medium enterprises, as well as micro-enterprises. We would argue that such a strategy will lay the foundations for an inclusive growth strategy for India, which will also create growing jobs for an increasing labour force.

Suggested Citation

  • Santosh Mehrotra, 2020. "‘Make in India’: The Components of a Manufacturing Strategy for India," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 63(1), pages 161-176, March.
    • Handle: RePEc:spr:ijlaec:v:63:y:2020:i:1:d:10.1007_s41027-019-00201-9
    DOI: 10.1007/s41027-019-00201-9
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    References listed on IDEAS

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    4. K.N. Murty & A. Soumya, 2011. "Macroeconomic effects of public investment in infrastructure in India," International Journal of Trade and Global Markets, Inderscience Enterprises Ltd, vol. 4(2), pages 187-211.
    5. Montek S. Ahluwalia, 2002. "Economic Reforms in India Since 1991: Has Gradualism Worked?," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 67-88, Summer.
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