Why can’t India crack manufacturing?

Last Updated: Aug 07 2026 | 4:44 PM IST

Why has India struggled to become a manufacturing powerhouse despite decades of reforms, Make in India and PLI schemes? In this episode of Macro Matters, Business Standard's Ankur Bhardwaj speaks with veteran journalist A. K. Bhattacharya about the structural challenges holding manufacturing back, the implications for jobs and investment, and whether India is becoming too financialised before it industrialises.

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