Not your grandfather's manufacturing

Protectionism and quotas in the past have led to inefficient monopolies, high prices, and shoddy products

Topics
manufacturing  | Labour laws | small and medium enterprises SMEs

Prosenjit Datta 

Prosenjit Datta

The government is trying one more time to super-charge India’s manufacturing story. It is a goal that multiple prime ministers have tried with limited success in the past.

In Prime Minister Narendra Modi’s second term in office, and perhaps spurred by the economic problems that have been accelerated by Covid-19, his administration has made a flurry of policy announcements. These include higher tariffs to protect manufacturers in India; licences and quotas for some imports; some tinkering with labour laws; and finally the announcement of production-linked incentives on a range ...

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First Published: Mon, November 30 2020. 23:49 IST
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