ISID backs MSMEs, startups to drive manufacturing-led Viksit Bharat

While big industry is crucial, ISID's industrial development report advocates strengthening medium and small enterprises and startups to achieve India's 2047 goal

INDIA’S INDUSTRIAL DEVELOPMENT REPORT 2024-25: Towards a manufacturing transformation

Producer: ISID

Publisher: Academic Foundation

Pages: 206

Price: Rs 2,500

  The British-Hungarian economist Nicholas Kaldor’s assertion that “few countries, if any, attained economic growth without industrialization” is as relevant for India as any other country. The trajectory of most developed economies indicates a similar pattern; they evolved from manufacturing to services to technology. Today, a combination of these factors help them remain competitive. Having missed the industrial revolution and failing to make a timely course correction after Independence, India paid a heavy price in terms of economic growth and jobs. The assumption that services