Industrial policy is making a global comeback—and India is no exception. From PLI schemes to the Make in India campaign, the country is trying to reduce dependence on Chinese imports and boost domestic manufacturing. But are these efforts working? This video breaks down Debashis Basu’s sharp analysis on why India’s approach still misses the fundamentals: ease of doing business, education, logistics, and institutional reform. Can we get it right this time, or will history repeat itself?
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