Manufacturing Is Key To India’s Economic Revival

Date posted: Thursday 19 June 2014

For years now, India has been playing the role of a cheap alternative to skilled technical labor. The first-world nations have already taught us that the key to making the leap from ‘developing’ to ‘developed’ lies in boosting the country’s economy. Britain overtook the world during the Industrial Revolution and America surpassed it after World War II when manufacturing was at its peak in the country. India needs to pick up these traits if it wants to be a superpower – a title that has been hanging like an elusive carrot for its citizens. After the drastic fall of the rupee last August, it is high time for India to bounce back. And manufacturing has to lead the way – there are no two ways about it.

(Business Insider)

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