Teflon-coated growth: A manufacturing-led model for India can have a multiplier effect on services

The Covid lockdowns are still fresh in memory. While it forced almost every manufacturer to cease operations, the services sector kept the economic engines humming through work-from-home. No one wants another situation like that again, but it illustrates that there is a segment that can keep on going when others cannot.To be sure, we cannot ignore manufacturing. It has unrivalled potential to generate a huge number of jobs across the economic