 "industry")
On August 28, the Cabinet approved a proposal to create 12 greenfield industrial nodes/cities along the backbone of the Golden Quadrilateral. These cities span 10 states, aiming for balanced regional development to make India a global manufacturing powerhouse. It’s promising that the government is prioritising a few cities to create agglomerations while recognising the role of large firms as anchor investors.
Agglomerations bring entrepreneurs, labour and capital to a geographically concentrated location, creating competition, resulting in faster growth. According to some estimates, China’s per capita gross domestic product (GDP) would have been about 20 per cent lower in
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